4 beds · 1 bath · null
Amazing opportunity to own a home and an income property, in one, with this affordable duplex in Victoria Cross. Live in one side of this spacious 4 bedroom, 1 bath duplex and pay part of your mortgage with the income generated from renting the other side of the duplex. With a 5% down payment ($16,500.00) & 5% Interest rate, this home carries for $1,896.26 per month. Add the annual Tax of $2,991.00 and your monthly payment is now $2,145.51. But wait ? subtract the annual rent from the tenants next door (1057.71) and your monthly Principal, Interest & Tax are $1,087.80 per month. Amazing! Both homes are big & bright, have been cleaned and renovated and are move-in ready. One side is currently vacant and available for a quick move-in date with a tenant in place. Sitting on approximately 2 acres of land, the property has a serene, peaceful feel and yet it?s only minutes to Montague, this location is ideal. Live in one side and rent the other is a very affordable solution to home ownership. Both homes offer a Fridge and a Stove. Great opportunity for first time home buyers on this prime property with easy maintenance. (id:39198)
Building Type Duplex
Year built 2011
Square Footage
Stories 2
Bedrooms 4
Bathrooms 1
Parking
NeighbourhoodVictoria Cross
Land size 2 Approx|1 - 3 acres
Heating type Radiator
Basement type
Parking Type Gravel
Time on REALTOR.ca11 days
This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.
Brokerage Name: PROVINCIAL REALTY
Home price
$329,900
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.
$3,001 / month
Rent $2,654
Savings $347
Initial deposit 2%
Savings target Fixed at 5%
Start with 5% down and save toward 5% in 3 years.
$2,645 / month
Rent $2,573
Savings $72
Initial deposit 5%
Savings target Fixed at 5%