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$674,900
Available - For Sale
Listing ID: X12092292
Beautiful year-round home with lake views, across from the Port Franks marina, with large detached legal guest house in the back. Large 1000 Sq ft insulated & heated shop under the large 2 bedroom guest house unit. Possible to split the main house into 2 suites and the back house into an upper & lower for 4 total suites, or continue to use as a man cave shop. Located just a short walk to the beach, you'll enjoy easy access to sandy shores and beautiful sunsets year-round. With 2 fully insulated year-round homes/cottages, (5 bedroom, 2 bathroom main house and 2 bedroom rear guest unit), plus a bonus 3 room man cave, it's more than meets the eye! Incredible value for the price! The rear guest house is the ideal setup for generating rental income or housing extended family, serving as a fantastic mortgage helper. Everything was upgraded from: floors, roof, paint, bathrooms, central air, insulation and windows, to 200 amp hydro+ (100 amp to the guest house / garage unit). This large compound provides the perfect set-up for a family cottage, home, or turn-key investment as a furnished vacation rental with excellent cash flow. The back upper guest apartment is rented for 1499/month as a mortgage helper, tenant is willing to move out.
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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Percent Down:
Down Payment $125 $250 $375 $500
First Mortgage $2,375 $2,250 $2,125 $2,000
CMHC/GE $65.31 $45 $37.19 $0
Total Financing $2,440.31 $2,295 $2,162.19 $2,000
Monthly P&I $10.45 $9.83 $9.26 $8.57
Expenses $0 $0 $0 $0
Total Payment $10.45 $9.83 $9.26 $8.57
Income Required $391.94 $368.6 $347.27 $321.22

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ROYAL LEPAGE TRILAND REALTY

7575 Biddulph Stre , Lambton Shores, N0M 2L0, Lambton

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MD Ashraful Bari
Broker
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647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Detached
Area: Lambton
Municipality: Lambton Shores
Neighbourhood: Port Franks
Style: Bungalow
Lot Size: x 132.00(Feet)
Approximate Age:
Tax: $2,668
Maintenance Fee: $0
Beds: 5+4
Baths: 3
Garage: 0
Fireplace: Y
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

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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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