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Date Listed 11-Nov-16
Price
$229,999.00
Address 290 rue saint andre, 290 rue saint andre ON, Canada
View map

Bedrooms (#) 3 bedrooms
Bathrooms (#) 2 bathrooms
For Sale By Professional

  • Description
Description
http://www.remax-quebec.com/fr/duplex-a-vendre/290-rue-st-andre-gatineau-15477831.rmx

Duplex:
---------------
Unit 1: rented for 700$ no heat no hydro inc 1 year lease starting may 1st 2016 - may 2017
1 bedroom,
Kitchen
Living room
Washroom

renovated in 2013
Includes stainless fridge, Stove, and dish washer
And standard white washer and dryer all under warranty
-------------------------------------------------------------------------------------------------------
Unit 2: rents at 750$ no heat no hydro inc lease starts June 1st 2016 - june 1st 2017
Bedroom 1
Bedroom 2
Kitchen
Living room
Washroom

Partially renovated in 2013, comes with fridge and stove.
Stove under warranty
White fridge replaced in Jan 2016.
------------------------------------------------------------------------------------------------------
Each unit has its own water tank and hydro Meter.
Very easy to rent!


Gross Income:
17400$ per year
(1450$ per month)

Current aprox costs to operate:
Internet: 540$ per year
Property taxes 1700$ per year
School taxes 600$ per year
insurance: 1200$ year
vacancy/
Maintenance
Risk
Aprox 7% 100$ per months

Cost total 5340$ per year
(445$ per month)


Total net income:
+ 12, 060$ per year
+ (1,005$ per month)

(Net profit does not include your mortgage)

There is also a large cellar under the home where both water tanks are located as well as tenants can use for storage

Reasons for selling is I need to free up credit for bigger project otherwise I'd hold on to it! No hurry to sell

Great for young couple looking to invest and potentially live in !

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