Purpose built LEGAL duplex. Flexible possession. Excellent for the 1st time BUYER or investor AND its a great mortgage helper (cap rate of 5.78%) set your own rents. 2 separate hydro meters and panels ,1 gas meter with hot water heating, 1 water meter . This home is walking distance to Gage Park, Tim Hortons Field and to both Memorial Elementary School and Bernie Custis Secondary School. Seller has made some recent improvements: 1 gas boiler 15 yrs, newer floors on both levels, roof 2012. (rental income is projected, expenses are actual and water/sewer is estimated) , 1 laundry main floor(private) , all copper wiring, copper and plastic ABS plumbing, vinyl windows, fire proofing between both floors, main floor has access to backyard from inside, 2nd upper unit with complete separate entrance. parking for 1 car at front and oversized 1 car garage at the back through the laneway. Seller will accommodate the Buyer to rent out the units prior to closing. Using $1600 for upper unit and $1800 for main floor and bsmt. expenses are actual numbers. MOTIVATED SELLER (id:4069)
Address
45 EAST BEND Avenue N
List Price
$579,900
Property Type
Multi-family
Type of Dwelling
Duplex
Area
Ontario
Sub-Area
Hamilton
Bedrooms
4
Bathrooms
2
Floor Area
1,386 Sq. Ft.
Year Built
1915
MLS® Number
40706257
Listing Brokerage
RE/MAX TWIN CITY REALTY INC. BROKERAGE-2
Basement Area
Full (Unfinished)
Postal Code
L8L7E1
Zoning
D
Site Influences
Public Transit, Shopping
