EXCEPTIONAL INCOME GENERATING OPPORTUNITY in prime Central Mountain location steps to Mohawk College & St. Joseph's Healthcare. A TURNKEY INVESTMENT W/ OUTSTANDING CASH FLOW! This renovated brick bungalow w/ separate side entrance is an ideal addition to any investment portfolio or smart option for buyers looking to offset their mortgage by living upstairs & renting the lower level. Featuring 7 bdrms, 3 baths, 2 kitchens & 2 laundries, flexible layout offers excellent rental& multi- generational living potential. Updated main level (2022) w/ laminate flooring, kitchen w/ quartz counters, breakfast island & SS appliances, spacious living/dining area, 3 bdrms & updated 3pc bath. Lower level offers 4 bdrms, 2 baths, large eat-in kitchen & laundry, making it ideal for tenants. Additional features include a garage w/ inside entry, fenced yard w/ gazebo, patio & shed, plus parking for 6+ cars on double drive. Located close to shopping, schools, restaurants, transit & highway access.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,446 |
| Lot Size | 45 ft x 115 ft |
| mls© Number | X13563488 |
| Listed By | RE/MAX ESCARPMENT GOLFI REALTY INC. |
Listing History
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,069
- Property tax
- $371
- Heat allowance
- $150
- Housing costs
- $4,590 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$141,000
gross annual household income
- Payment at 4%
- $3,345 / mo
- Cash down
- $159,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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