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$474,900
Available - For Sale
Listing ID: X11942538
Are you a first time home buyer looking for a property that comes with a tenant to support with the bills? The main floor of this duplex is vacant & ready for you! The upper tenant is an excellent long standing tenant looking to stay. If you're an investor looking to add to your portfolio, you can chose your own tenant for the main floor. This property has received tons of updates since 2017 including the red board & batten siding, fascia, eaves, decks, both furnaces, electrical, kitchens, painting, flooring, trim, proper fire separated ceiling, bathroom vanities and more! This duplex has 2 separate gas & hydro meters (tenants pay individually) & both units have their own laundry hook ups. There is a mutual drive to enter the property, then lots of private parking at the back. The main floor is an oversized open concept 2 bedroom, 1 bathroom (4pc) unit with tall ceilings and private access to back deck (previous rent $1,575 + gas/hydro). The upper unit is an open concept 1 bedroom, 1 bathroom (3pc) with a rooftop private deck (Current rent: $1260.75 + gas/hydro). This is a turnkey investment ready for a new landlord or first time home buyer looking for additional support with their bills. Current annual income (if both units occupied): $34,029! Set your new rent for main floor unit and you're off to the races. Please see attached income, expense and disclosures. Note: Photos from prior tenancies & the little brown bungalow is not attached - 610 King is a separate property entirely.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $24,950 $49,900 $74,850 $99,800
First Mortgage $474,050 $449,100 $424,150 $399,200
CMHC/GE $13,036.38 $8,982 $7,422.63 $0
Total Financing $487,086.38 $458,082 $431,572.63 $399,200
Monthly P&I $2,086.15 $1,961.93 $1,848.39 $1,709.74
Expenses $0 $0 $0 $0
Total Payment $2,086.15 $1,961.93 $1,848.39 $1,709.74
Income Required $78,230.74 $73,572.36 $69,314.7 $64,115.35

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE NRC REALTY

608 King Stre , Port Colborne, L3K 4H7, Niagara

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Duplex
Area: Niagara
Municipality: Port Colborne
Neighbourhood: 877 - Main Street
Style: 2-Storey
Lot Size: x 133.66(Feet)
Approximate Age:
Tax: $2,364.09
Maintenance Fee: $0
Beds: 3
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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