$345,000
Residential · MLS® A22894032Bedrooms
3Bathrooms
1,487Sq Ft
2Garage
1935Year Built
02 / Overview
PROPERTY OVERVIEW
Exceptional income-generating opportunity with strong rental revenue and flexible ownership options. Currently generating $2,900/month in rental income, this unique property appeals to investors while also offering excellent potential for homeowners seeking a mortgage helper, multi-generational living, or guest accommodations. The main home is rented for $1,700/month (water included) with lease in place to September 30, 2026, and the carriage suite rents for $1,200/month (water included) with lease to November 30, 2026.
This fully renovated character home features recently done siding, windows,...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeHouse
Total Finished Area1,487 sq ft
Lot Size4,031 sq ft
ZoningRT
HeatingIn Floor • Forced Air • Natural Gas
CoolingNone
ParkingAlley Access • Double Garage Detached
ExteriorNone
BasementPartial
Year Built1935
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow+$1,173After mortgage & expenses
Cap Rate8.6%Based on market rents
Cash on Cash Return20.4%With 20% down payment
Est. Monthly Rent$2,702Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
AVONDALE
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Investment ScoreN/A
Avg Home PriceN/A
Active ListingsN/A
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Listed by Garth Vion · Grassroots Realty Group Ltd.