5 beds · 2 baths · 2271 sqft
JUST REDUCED! Looking for a great Investment opportunity? Look no further, this is the one! Cherish the charming small town vibe in this rare and idyllic property just steps from Historic Downtown Markdale. This recently renovated townhome consists of two large individual apartments generating an expected combined income of approximately $3700 per month with tenants paying for Gas and Hydro. Both apartments have individual separate entrances and both units include washers and dryers. The larger of the two apartments has 3 bedrooms on the upper level with a great kitchen and large living area on the main floor. The main floor also provides each apartment with its own direct access to their own private fenced backyard from the main level. The second apartment is a vacant two bedroom unit with both bedrooms and laundry on the upper level and large kitchen and family room on the main floor. Parking for tenants and guests is a complete breeze with a newly paved driveway with room for 6 vehicles. Recent additions to this income property include a new lifetime metal roof, lots of interior improvements including drywall, paint, mechanicals and fixtures. The property boasts two newer high efficiency furnaces and two new owned hot water tanks allowing for ample tenant needs while making utility consumption calculations simple to understand and bill accordingly. Located within walking distance, residents enjoy easy access to the grocery store, LCBO, Tim Hortons, and local churches and shops. The rental market continues to be very strong in Markdale and this great income property wont last long. Book a showing today! (id:39198)
Building Type Row / Townhouse, Attached
Year built
Square Footage 2271 sqft
Stories
Bedrooms 5
Bathrooms 2
Parking 6
NeighbourhoodGrey Highlands
Land size 0.158 ac|under 1/2 acre
Heating type Forced air
Basement typePartial (Unfinished)
Parking Type
Time on REALTOR.ca20 days
This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.
Brokerage Name: RE/MAX Four Seasons Realty Limited, Brokerage
Home price
$794,000
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.
$7,223 / month
Rent $6,387
Savings $835
Initial deposit 2%
Savings target Fixed at 5%
Start with 5% down and save toward 5% in 3 years.
$6,365 / month
Rent $6,192
Savings $174
Initial deposit 5%
Savings target Fixed at 5%