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Date Listed 11-Nov-16
Address 290 rue saint andre, 290 rue saint andre ON, Canada
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Bedrooms (#) 3 bedrooms
Bathrooms (#) 2 bathrooms
For Sale By Professional

  • Description

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

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
Living room

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
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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