!! Over $13,000 per year rental income from the legal basement suite !! With 10% down - the rental income will literally pay half of your mortgage - your mortgage payment would be $1026 TOTAL! Also...because it is a legal suite you can also use the income from it toward your mortgage qualifying income. REIN members take note -- A huge opportunity to own a large revenue property with immediate positive cash flow. This property offers multiple potential income streams - 2 complete, self contained units (basement suite is legal and registered with the city) just 2 blocks away from Quarry Park Shoping and the upcoming LRT line. The top unit is a 1514 sq ft 2 story with 3-bedrooms and 3-bathrooms. The main floor has 2 living rooms (1 for mom and dad and 1 for the kids to play), separate heating and laundry, a fenced back yard with dog run (and shed) and double attached (fully finished with workbench) garage. The legal basement suite features include: 695 square feet, 1 bedroom and 1 bathroom, huge kitchen, designated off street parking, separate heat and laundry with separate entrance and fenced backyard (with shed).These are both well maintained units in excellent condition. Pro formas with current rental incomes are available on request. The current Property Manager has a solid relationship with the tenants and is willing to continue managing the properties.
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Listing information last updated on January 25th, 2021 at 6:45pm PST.