3+3 Bed / 4 Bath / $930,000 / MLS® Listing #:1290600

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Six bedroom Bungalow. Legal SECONDARY DWELLING UNIT (SDU) Newly renovated 3-bedroom main floor with 1 ½ baths. Newly constructed basement 3-bedroom unit with 1 ½ baths completed May 2022. EACH apartment has a 2 piece ensuite, its own laundry, SIX appliances, HWT, & hydro meter. 2 new 100 amp hydro panels. New plumbing throughout. Soundproof insulation in joist cavities, spray foam on basement walls, additional electric baseboard heat in basement. Parking for 6 cars including 2 garage spaces. Main floor rented $2,350 + utilities. Basement is rented for $2,050. Perfect location for owner occupant as $2,050 basement rent pays for $400,000 mortgage @ 4%. GROSS income = $52,800. EXPENSES = $6,750 (4,600 taxes & $2,150 insurance). CASH FLOW = $46,050 annually for a 5% CAP RATE. Occupancy Permit on file. Basement has all new windows except for two. Basement has resilient channel ceiling and luxury vinyl plank flooring. The driveway is newly paved. LOWER UNIT ONLY TO BE VIEWED. (id:10452)

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Property Details

Property Type House
Architectural Style Bungalow
Square Feet
Maintenance N/A
Days On Our Website 31
Basement Finished - Full (Finished)
Kitchens 2
Lot Dimensions 0.18 ac
Pool N/A
Area Ottawa
Air Conditioning Central air conditioning
Heating Natural gas, Electric - Baseboard heaters, Forced air
Exterior Brick, Siding, Stucco
Parking Spaces 6
Parking Type Attached Garage,Attached Garage
Sewers Municipal sewage system
Water Municipal water


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