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$469,900
Available - For Sale
Listing ID: X12084628
Rarely does a place like this come for sale, a triplex in the quiet village of Portland, sitting just a block from Big Rideau Lake. Fully rented at the moment with one unit vacating for June 1st, makes it the perfect opportunity for an owner occupied investment property. There is a one bedroom main floor unit with a long time tenant, the next main floor unit has 2 bedrooms above and was updated throughout before the current tenant arrived, and the last unit has 2 bedrooms with a modern country kitchen, pot lights and an upper deck with seasonal views of the lake, and this will be the vacant unit! All units have separate hydro meters, one unit heats with a propane furnace and the others are baseboard, meaning all utilities are on the tenants, and each unit has their own laundry as well. Enjoy all the local amenities the village has to offer such as banks, LCBO, shops, restaurants, marinas, post office, library and a public beach and boat launch just a block away. Live in one unit and have the other 2 cover your mortgage, or rent it out and make some money. Current gross rent of $31,584 nets $25,364.
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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 $139,400 $278,800 $418,200 $557,600
First Mortgage $2,648,600 $2,509,200 $2,369,800 $2,230,400
CMHC/GE $72,836.5 $50,184 $41,471.5 $0
Total Financing $2,721,436.5 $2,559,384 $2,411,271.5 $2,230,400
Monthly P&I $11,655.7 $10,961.64 $10,327.29 $9,552.63
Expenses $0 $0 $0 $0
Total Payment $11,655.7 $10,961.64 $10,327.29 $9,552.63
Income Required $437,088.81 $411,061.62 $387,273.33 $358,223.64

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 PROALLIANCE REALTY, BROKERAGE

24 Perth Stre , Rideau Lakes, K0G 1V0, Leeds and Grenvi

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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 - Triplex
Area: Leeds and Grenville
Municipality: Rideau Lakes
Neighbourhood: 818 - Rideau Lakes (Bastard) Twp
Style: 2-Storey
Lot Size: x 123.02(Feet)
Approximate Age: 100+
Tax: $2,158.62
Maintenance Fee: $0
Beds: 5
Baths: 3
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
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Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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

 

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