Overbrook - Castleheights and Area K1K 1B8 Ontario
MLS: X12163595
Added 8 days ago | For Sale
Listed by: RE/MAX HALLMARK REALTY GROUP
Fantastic turnkey investment opportunity in Castle Heights! This detached home offers two units (in-law suite), both with private entrances and separate laundry. The upper unit is a spacious 3-bedroom, 1.5-bath home featuring hardwood floors, a gas fireplace, a bright bay window, and an eat-in kitchen with under/over-cabinet lighting. It also includes a family room with access to a large deck. Currently rented for $2,624/month(2,689/m Aug 1).The lower unit/in-law suite is a 2-bedroom with its own entrance, full kitchen, bathroom, and in-unit laundry. Minor work could be done to legalize the separation if desired. This unit is currently rented at $1,850/month, increasing to $1,896 in August. The 34'x34' detached garage is a huge value add, with 126 ceilings, triple insulation, a metal roof, 100-amp electrical service, natural gas heating, and running water. Perfect for a workshop, hobbyist or added rental income. The home also features a fully fenced backyard and parking for 6 vehicles in the garage and 6 in the driveway. One garage spot currently rented for 300/m.Combined, the property generates $4,774/month over $55,000/year- 6.7% CAP. If garage fully rented at 1050/m and increased rents considered this could be a 7.9%CAP. Centrally located near Farm Boy, FreshCo, Loblaws, Decathlon, Winners, Montfort Hospital, and the St-Laurent Complex. Easy access to transit, shops, parks, and more. Walk Score 70, Bike Score 70. A smart addition to any portfolio or ideal for live-in landlords. Dont miss it! Annual operating costs: Hydro approx. $2,101, Gas $2,458, Water $1,678, Insurance $3,522. 2024 property taxes: $5,908.
| Level | Type | Features | Dimensions |
|---|---|---|---|
| Main | Living Room | 16 ft, 5 in x 11 ft, 2 in | |
| Kitchen | 15 ft, 8 in x 10 ft, 6 in | ||
| Dining Room | 9 ft x 8 ft | ||
| Family Room | 25 ft x 20 ft | ||
| Bathroom | 6 ft x 3 ft, 6 in | ||
| Second | Primary Bedroom | 14 ft, 4 in x 11 ft | |
| Bedroom 2 | 11 ft x 11 ft, 1 in | ||
| Bedroom 3 | 11 ft, 6 in x 8 ft, 6 in | ||
| Bathroom | 8 ft, 6 in x 8 ft | ||
| Lower | Kitchen | 14 ft x 11 ft | |
| Living Room | 24 ft x 10 ft | ||
| Bathroom | 7 ft, 7 in x 5 ft | ||
| Laundry | 5 ft, 6 in x 5 ft | ||
| Bedroom 4 | 18 ft, 6 in x 11 ft | ||
| Bedroom 5 | 18 ft, 6 in x 11 ft |
No property rooms available.
