$549,900
Available - For Sale
Listing ID: X10426438
36 Pearl Ave , Leamington, N8H 1J7, Ontario
| Turnkey cash flow positive investment property boasting a whopping 9.5% cap rate OR the perfect family home with a basement apartment for additional income. Currently rented by the room (4 of 6 rooms tenanted); (UPPER) room #1: $1,000/mo, room #2: $800/mo (vacant), room #3: $800/mo (vacant), room #4: $800/mo; (LOWER) room #5: $1,000/mo, room #6: $800/mo. Shared kitchen and bath on UPPER level & 2nd shared kitchen & bath on LOWER level. Total gross rent once fully leased: $5,200/month. Landlord pays all utilities. Nearly $2,000/mo potential net cash flow after all expenses including debt service. Tenants willing to stay or vacate if buyer is end user. Basement fully renovated approximately 1 year ago. Clean and extraordinarily well maintained property. Outstanding location, family-friendly neighbourhood. |
| Extras: All Existing Appliances Including 2 x Fridges, 2 x Stoves, 1 x W/D. All Elfs And Window Coverings. |
| Price | $549,900 |
| Taxes: | $3443.06 |
| Address: | 36 Pearl Ave , Leamington, N8H 1J7, Ontario |
| Lot Size: | 60.00 x 125.00 (Feet) |
| Directions/Cross Streets: | Talbot St & Fuller Ave |
| Rooms: | 6 |
| Rooms +: | 3 |
| Bedrooms: | 4 |
| Bedrooms +: | 2 |
| Kitchens: | 2 |
| Family Room: | N |
| Basement: | Apartment, Sep Entrance |
| Property Type: | Detached |
| Style: | Bungalow-Raised |
| Exterior: | Brick |
| Garage Type: | Attached |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 3 |
| Pool: | None |
| Approximatly Square Footage: | 2000-2500 |
| Property Features: | Fenced Yard, School, School Bus Route |
| Fireplace/Stove: | N |
| Heat Source: | Gas |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Sewers: | Sewers |
| Water: | Municipal |
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Simon Huang
Broker
Bus:
905-241-2222
Fax:
905-241-3333
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Essex |
| Municipality: | Leamington |
| Style: | Bungalow-Raised |
| Lot Size: | 60.00 x 125.00(Feet) |
| Tax: | $3,443.06 |
| Beds: | 4+2 |
| Baths: | 2 |
| Fireplace: | N |
| Pool: | None |
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