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"Residential or Commercial!"
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Century 21 Today Realty Ltd
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| George Ulubabian |
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Email George |
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Phone: |
905-646-2121 |
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Cell: |
905-321-6121 |
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Address:
21 Queenston St.
Type: Multifamily
Style: With a Storefront
Bedrooms: 5 "3-bed.; 2-bed and bachel."
Bathrooms: 3
Garage: Single, Detached "Is used as a Shed"
Size: 2,100 sq. ft.
Lot Type: Rectangular
Lot Size:
42ft x 122ft
Taxes: $1,998.19 (2009)
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Opportunity Knocks!
A fully rented triplex with a very good potential Capitalization Rate of 10.5 %!
It means your investment may be returned in approximately ten years!*
Just one unit's current rent covers current mortgage payments**.
Any combination of occupancy works here: rent out all three units to residential or commercial tenants or mix of, or live in one unit and rent out the others and let the tenants pay your mortgage!
The zoning allows both residential and commercial use.
Tenants pay own hydro from two separate hydro-electricity meters.
The property consists of one three-bedroom unit (second floor), one two-bedroom unit, and one bachelor unit on the main floor.
Full unfinished basement contains boiler, hot water tank and laundry machines.
Brand new laminated floors in some rooms and a new front window in bachelor's unit.
Some new plastic sewage pipes in the basement.
Siding was installed approximately four years ago.
Good-size backyard with a shed converted from a single-car garage.
*Given that there is a "cash", no-mortgage transaction.
** Projected mortgage payments are based on the current 5-year term fixed 3.99% mortgage interest rate and a 25-year amortization period, as of December 19, 2009. This statement is valid for the currency of the aforementioned mortgage interest rates only and a potenrial Net Operating Income of $16,220. |
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Exterior Finish
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Heating
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▪ Hot Water / Steam
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▪ Natural Gas
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Roof
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Sewer/Water Systems
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Appliances
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Lot Features
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Cooling
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Extra Features
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▪ Cable Available
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▪ Public Transportation
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