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$549,900
Available - For Sale
Listing ID: X10426438
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: $3,443.06
Address: 36 Pearl Ave , Leamington, N8H 1J7, Ontario
Lot Size: 60 x 125 (Feet)
Directions/Cross Streets: Talbot St & Fuller Ave
Rooms: 6
Rooms +: 3
Bedrooms: 4
Bedrooms +: 2
Washrooms: 2
Kitchens: 2
Family Room: N
Basement: Apartment
Sep Entrance
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Kitchen 14.01 11.87
Room 2: Main Prim Bdrm 12.00 11.22
Room 3: Main Foyer 24.50 6.59
Room 4: Main 2nd Br 10.14 10.69
Room 5: Main 3rd Br 14.79 15.88
Room 6: Main 4th Br 11.12 11.12
Room 7: Main Bathroom 9.12 6.95 4 Pc Bath
Room 8: Bsmt Kitchen 14.10 9.91
Room 9: Bsmt Br 11.15 9.71
Room 10: Bsmt 2nd Br 14.17 23.35
Room 11: Bsmt Bathroom 5.84 5.41 3 Pc Bath
Room 12: Bsmt Laundry 7.28 8.72
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  3 Bsmt
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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ROYAL LEPAGE YOUR COMMUNITY REALTY

36 Pearl Ave , Leamington, N8H 1J7, Ontario


 
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At a Glance:
Type: Freehold - Detached
Area: Essex
Municipality: Leamington
Neighbourhood:
Style: Bungalow-Raised
Lot Size: 60.00 x 125.00(Feet)
Approximate Age:
Tax: $3,443.06
Maintenance Fee: $0
Beds: 4+2
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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