* PREC - Personal Real Estate Corporation. Attention investors!! This unique investment opportunity is a property that is earning a 7% cap rate & has a lot of potential. There are two houses on one lot (2021 & 2029). You can live in one & rent out the other or rent out both places. Each house has its own large size fenced yard & driveway. Each house has two bedrooms & one bathroom, while one of them, has an extra room (den) in the basement. Each property rents for $1,200 each per month (2,400 total) ($28,800 yearly revenue); tenants pay their own gas & hydro. Expenses are city utilities $2,800.00, taxes $3,085.00 & insurance $2,900.00. The yearly net revenue is $20,000.00. (30649516)
Property Type
Single Family
Annual Property Taxes
$3,085.26 (CAD)
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