194-196 Indian Meal Line
Torbay, Newfoundland & Labrador A1K1B4

6 beds · 4 baths · 2716 sqft

Own Your Home and Live Mortgage-Free! Are you tired of renting? This home offers you the perfect opportunity to own and live mortgage-free! Live in one unit and let the rental income from the other two units cover your mortgage. Perfect for Families: Have teenage or grown children who need to learn independence? Live in one unit and let them live in the others. Need to accommodate parents? This home makes it easy for them to live close by. Main Unit: 3 bedrooms, 1.5 bathrooms Rec room and storage area Second Unit: 2 bedroom unit Renovated in last few years New kitchen, remodeled bathroom, and laundry facilities Third Unit: 1 bedroom unit pou - some renovations done in last few years Storage area, kitchen, living room, and eating area One bathroom and laundry hookup and one bedroom Tenants have been living there for 15 years, 9 years, and recently. Always pay rent on time and never complain Total income $2700 per month pou Additional Information: Pre-inspection completed by Mews Home Inspections available for viewing Property sold as-is; purchasers responsible for any repairs as per the inspection report Don’t miss out on this fantastic opportunity to own a home and live mortgage-free! (id:39198)

Facts & Features

Building Type Multi-Family, Detached

Year built 1989

Square Footage 2716 sqft

Stories

Bedrooms 6

Bathrooms 4

Parking

Neighbourhood

Land size 15080 sq. ft.|10,890 - 21,799 sqft (1/4 - 1/2 ac)

Heating type

Basement type

Parking Type

Time on REALTOR.ca37 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 Realty Specialists

Powered by: REALTOR.ca

Home price

$279,000

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.

$2,572 / month

Rent $2,279

Savings $294

Initial deposit 2%

Savings target Fixed at 5%

Start with 5% down and save toward 5% in 3 years.

$2,270 / month

Rent $2,209

Savings $61

Initial deposit 5%

Savings target Fixed at 5%