5 beds · 2 baths · 2432 sqft
This income-generating 2-apartment property is ideally situated in a highly sought-after area near MUN, the Marine Institute, and various businesses, making it an attractive rental. The property features electric heating, newer shingles, and hardwood floors throughout, adding to its appeal and low-maintenance lifestyle. Both apartments are generously sized and currently occupied by reliable tenants who are eager to stay and willing to sign new leases. The main floor apartment is rented at $1,350 per month, providing a solid income stream from the outset. While the property does require some upgrades, the major elements such as electrical, most windows, and the roof shingles have already been addressed, making this an excellent opportunity for both investors and owner-occupiers. This property is a must-see for anyone looking to invest in a high-demand rental market. Please note that offers will be presented remotely on September 6th, as per the seller's direction. Don't miss out on this fantastic investment opportunity! (id:39198)
Building Type Two Apartment House, Detached
Year built 1970
Square Footage 2432 sqft
Stories 1
Bedrooms 5
Bathrooms 2
Parking
Neighbourhood
Land size 56 x 100|under 1/2 acre
Heating type
Basement type
Parking Type
Time on REALTOR.ca16 days
This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.
Brokerage Name: BlueKey Realty Inc.
Home price
$300,000
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.
$2,729 / month
Rent $2,413
Savings $316
Initial deposit 2%
Savings target Fixed at 5%
Start with 5% down and save toward 5% in 3 years.
$2,405 / month
Rent $2,339
Savings $66
Initial deposit 5%
Savings target Fixed at 5%