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$1,179,900
Available - For Sale
Listing ID: X12006602
Great investment opportunity! Huntsville has an excellent rental market, with a lower share of renter households compared to provincial averages. This building makes up over 1% of the purpose-built units in Huntsville! The Town is considered to have a 0% vacancy rate, a rate it has maintained for several years. Vacancy rates below 3% can drive up rents as tenants compete for fewer units. All this points to a property withan excellent ROI, only to increase with time. This four-plex is located within walking distance of downtown Huntsville. the building was completely renovated in 2012 with new plumbing, electricalsiding, roof, doors, windows, flooring, cabinetry, bathrooms and fixtures, and R60 insulation. New commercial boiler installed in July 2023. This propertyhas four one bedroom units with natural gas hot water radiators, separate Hydro panels in each apartment, modern kitchens, bathrooms and finishes. The basement has coin-operated laundry and a separate storage space for the landlord's use. Plenty of parking and nicely treed, private back and side yards for tenants to enjoy. All 4 units fully rented with excellent income.
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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 $58,995 $117,990 $176,985 $235,980
First Mortgage $1,120,905 $1,061,910 $1,002,915 $943,920
CMHC/GE $30,824.89 $21,238.2 $17,551.01 $0
Total Financing $1,151,729.89 $1,083,148.2 $1,020,466.01 $943,920
Monthly P&I $4,932.77 $4,639.04 $4,370.58 $4,042.74
Expenses $0 $0 $0 $0
Total Payment $4,932.77 $4,639.04 $4,370.58 $4,042.74
Income Required $184,978.87 $173,963.99 $163,896.63 $151,602.61

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX Professionals North

9 West Road , Huntsville, P1H 1K9, Muskoka

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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 - Multiplex
Area: Muskoka
Municipality: Huntsville
Neighbourhood: Chaffey
Style: 2-Storey
Lot Size: x 164.00(Feet)
Approximate Age:
Tax: $4,164.65
Maintenance Fee: $0
Beds: 2+2
Baths: 4
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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