$700,000

Residential ยท MLSยฎ A2279151
2Bedrooms
1Bathrooms
943Sq Ft
1Garage
1956Year Built
02 / Overview

PROPERTY OVERVIEW

Attention investors and developers! Fantastic opportunity in the desirable inner-city community of Spruce Cliff. 52 x 110 foot lot offers a variety of opportunities. There is currently a tenant occupied 2 bedroom 1 bathroom bungalow with semi developed basement and single car garage which offers the ability to rent-and-hold. Spruce Cliff offers fantastic access to downtown and walking distance to the c-train. This home is just a few blocks away from the extensive pathway system along the...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area943 sq ft
Lot Size5,720 sq ft
ZoningR-CG
HeatingForced Air
CoolingNone
ParkingSingle Garage Detached
ExteriorNone
BasementFull
Year Built1956
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$1,352After mortgage & expenses
Cap Rate2.1%Based on market rents
Cash on Cash Return-11.6%With 20% down payment
Est. Monthly Rent$1,750Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

SPRUCE CLIFF

Strong Investment
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Investment Score76/100
Avg Home Price$501K
Active Listings13
Listed by Alexandra McAmmond ยท Bricks & Mortar...Everything Real Estate