506 HART ROAD, North Bay, Ontario P0H 1H0
$599,900.00
- 4 bedrooms
- 3 bathrooms
Sitting on almost 2.5 acres is this beautiful, purpose built duplex that currently generates a fantastic return on investment. Professionally built in 2018, there is a 2 bedroom apartment on the upper floor with 2 full bathrooms including an ensuite. The lower level has 2 bedrooms and one bathroom. Both units are bright, with lots of natural light. The upper level is currently leased out for $2,350 plus utilities and the lower one rented for $1,750 plus utilities. That's $4,100 a month in gross income. Factor in taxes and insurance and you still have over a 7% cap rate. A perfect addition to any portfolio. This also has the option of it being owner ... read more
Sitting on almost 2.5 acres is this beautiful, purpose built duplex that currently generates a fantastic return on investment. Professionally built in 2018, there is a 2 bedroom apartment on the upper floor with 2 full bathrooms including an ensuite. The lower level has 2 bedrooms and one bathroom. Both units are bright, with lots of natural light. The upper level is currently leased out for $2,350 plus utilities and the lower one rented for $1,750 plus utilities. That's $4,100 a month in gross income. Factor in taxes and insurance and you still have over a 7% cap rate. A perfect addition to any portfolio. This also has the option of it being owner occupied with a tenant helper or multigenerational living arrangements. Beautiful property offering lots of privacy while only being 10 minutes from the town of Callander. (id:25417)
- Listing ID: X11971170
- Property Type: Single Family
| Property | |
|---|---|
| Style: | Bungalow |
| Land Size: | 328.1 by 438.7 FT|2 - 4.99 Acres |
| Parking: | 8 Spaces |
| Building | |
|---|---|
| Type: | Single Family Duplex |
| Appliances: | Dishwasher, Dryer, Refrigerator, Two Washers, Two Stoves, Water Treatment and Water Heater |
| HVAC: | Air Exchanger, Baseboard Heaters and Fireplace Electric |
| Exterior: | Vinyl Siding |
| Basement: | N/A (Finished) |
| Utilities: | Wireless and Septic System |
| Location | |
|---|---|
| City: | North Bay |
| Province: | Ontario |
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