2 beds · 1 bath · 514 sqft
This investment property offers immediate income and big potential. Currently, a tenant-occupied 2-bed house generates $1,350/month on a 50’ x 140’ lot. Included in the $410,000 price is the adjacent 37.5’ x 140’ lot, providing a total of 87.5’ x 140’ of prime land with RM3 zoning. Plans for a 12-unit luxury rental complex, featuring upscale 2-bed/1-bath units, in-suite laundry, and private balconies, are available for review. Buy now for steady cash flow with development potential. Contact your favorite agent for more details! (id:39198)
Building Type House
Year built 1946
Square Footage 514 sqft
Stories 1
Bedrooms 2
Bathrooms 1
Parking
NeighbourhoodMount Royal SA
Land size 7000 sqft
Heating type Forced air
Basement typeFull (Finished)
Parking Type
Time on REALTOR.ca26 days
Brokerage Name: eXp Realty
Home price
$219,900
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.
$2,050 / month
Rent $1,836
Savings $215
Initial deposit 2%
Savings target Fixed at 5%
Start with 5% down and save toward 5% in 3 years.
$1,833 / month
Rent $1,784
Savings $48
Initial deposit 5%
Savings target Fixed at 5%