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$699,900
Available - For Sale
Listing ID: X12226394
Discover an exceptional investment opportunity ! This unique property, situated on approximately two acres, offers multiple income streams, providing a stable monthly revenue of $7,200. Perfectly poised for both novice and seasoned investors, this versatile estate promises both growth and immediate returns. This two storey home is divided into two well-appointed units. Each unit boasts spacious living areas, and comfortable bedrooms, ensuring continuous rental demand. Nestled within the property are 3 mobile homes that offer an affordable, flexible living option. Each is currently tenanted, all yielding consistent monthly returns. Take advantage of the additional income generated by the rented market space on the property. This versatile area is perfect for a small business or retail opportunity, adding another layer of revenue potential. Positioned just a stone's throw from downtown Napanee, this property benefits from close proximity to a full range of amenities, including shopping centers, restaurants, schools, and parks. With major highways and public transport options nearby, tenants and business patrons will appreciate the easy access and short commutes. This investment property presents a rare opportunity to acquire a diverse income-generating asset in a prime location. Dont miss out on this rare chance to own a piece of Napanees thriving real estate market!
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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 $73,750 $147,500 $221,250 $295,000
First Mortgage $1,401,250 $1,327,500 $1,253,750 $1,180,000
CMHC/GE $38,534.38 $26,550 $21,940.63 $0
Total Financing $1,439,784.38 $1,354,050 $1,275,690.63 $1,180,000
Monthly P&I $6,166.48 $5,799.29 $5,463.68 $5,053.85
Expenses $0 $0 $0 $0
Total Payment $6,166.48 $5,799.29 $5,463.68 $5,053.85
Income Required $231,243.18 $217,473.42 $204,888.15 $189,519.32

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.
MCCAFFREY REALTY INC., BROKERAGE

9715 County Road 2 Road , Greater Napanee, K7R 3L1, Lennox & Addingt

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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 - Detached
Area: Lennox & Addington
Municipality: Greater Napanee
Neighbourhood: 58 - Greater Napanee
Style: 2-Storey
Lot Size: x 0.00(Feet)
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Tax: $0
Maintenance Fee: $0
Beds: 0
Baths: 0
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Fireplace: N
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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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