36 Pearl Ave, Leamington, Ontario N8H 1J7
Contact us about this property
Highlights
Estimated ValueThis is the price Wahi expects this property to sell for.
The calculation is powered by our Instant Home Value Estimate, which uses current market and property price trends to estimate your home’s value with a 90% accuracy rate.Not available
Price/Sqft$247/sqft
Est. Mortgage$2,362/mo
Tax Amount (2024)$3,443/yr
Days On Market6 days
Description
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.
Property Details
Interior
Features
Main Floor
Kitchen
4.27 x 3.62Prim Bdrm
3.66 x 3.42Foyer
7.47 x 2.012nd Br
3.09 x 3.26Exterior
Features
Parking
Garage spaces 1
Garage type Attached
Other parking spaces 3
Total parking spaces 4
Property History
34
10