$840,000

Residential · MLS® A2255934
7Bedrooms
4Bathrooms
2,252Sq Ft
4Garage
1970Year Built
02 / Overview

PROPERTY OVERVIEW

Both sides of a side-by-side duplex on a quiet, nicely-treed street in Acadia, close to parks and schools. This property offers many opportunities to develop, rent or move-in with a mortgage helper. With new city zoning, the surrounding area is now zoned R-CG for grade-oriented infills. Many building permits have been issued in the area and there are several new developments, like the Acadia Park Development around the corner, nearing completion. Two new infills with rental suites could be built...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeDuplex
Total Finished Area2,252 sq ft
Lot Size7,814 sq ft
ZoningR-CG
HeatingMid Efficiency • Fireplace(s) • Forced Air • Hot Water • Natural Gas
CoolingNone
ParkingOn Street • Parking Pad
ExteriorBalcony
BasementFull
Year Built1970
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$569After mortgage & expenses
Cap Rate5.3%Based on market rents
Cash on Cash Return4.1%With 20% down payment
Est. Monthly Rent$4,291Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

ACADIA

Moderate Investment
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Investment Score71/100
Avg Home Price$562K
Active Listings24
Listed by Rick Clowes · Royal LePage Solutions