5 beds · 4 baths · null
Exceptional cash flow opportunity! This spacious 5+2 bedroom, 4 full bathroom 2 kitchens 2 laundry , generating a strong positive cash flow even at current mortgage rates. Current rent income is $5,450/month with average utilities of $550/month. Located in the highly desirable Westdale South neighborhood, just a short walk to McMaster University, hospitals, and Westdale Village, with convenient bus stops nearby.This renovated, carpet-free home features a main floor large master ensuite, kitchen, and laundry, a second floor with 3 bedrooms and a bathroom, and a third-floor master ensuite. The remodeled basement (2020) boasts a separate entrance, two extra bedrooms with large windows , 2nd kitchenette, 2nd laundry, and a full bathroom.Key upgrades include: Furnace (2015), Heat Pump AC (2023), Roof (2020), Windows (main floor 2023, second floor 2021), Electrical panel with 200 AMP service and full wiring upgrade (2021). basement remodelled (2020) , Main floor kitchen floor and stairs (2023).OWNED Hot Water Heater. Don't miss out on this income-generating gem in a prime location! (id:39198)
Building Type House, Detached
Year built
Square Footage
Stories 2.5
Bedrooms 5
Bathrooms 4
Parking 2
NeighbourhoodWestdale
Land size 30 x 106 FT|under 1/2 acre
Heating type Forced air
Basement typeN/A (Finished)
Parking Type
Time on REALTOR.ca2 days
This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.
Brokerage Name: REAL ONE REALTY INC.
Home price
$929,000
Start with 2% down and save toward 5% in 3 years*
* Exact down payment ranges from 2-10% based on your risk profile and will be assessed during the full approval process.
$8,451 / month
Rent $7,473
Savings $978
Initial deposit 2%
Savings target Fixed at 5%
Start with 5% down and save toward 5% in 3 years.
$7,448 / month
Rent $7,244
Savings $203
Initial deposit 5%
Savings target Fixed at 5%