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About this home
Fantastic turnkey investment opportunity in Castle Heights! This detached home offers two units (in-law suite), both with private entrances and separate laundry. The upper unit is a spacious 3-bedroom, 1.5-bath home featuring hardwood floors, a gas fireplace, a bright bay window, and an eat-in kitchen with under/over-cabinet lighting. It also includes a family room with access to a large deck. Currently rented for $2,624/month(2,689/m Aug 1).The lower unit/in-law suite is a 2-bedroom with its own entrance, full kitchen, bathroom, and in-unit laundry. Minor work could be done to legalize the separation if desired. This unit is currently rented at $1,850/month, increasing to $1,896 in August. The 34'x34' detached garage is a huge value add, with 126 ceilings, triple insulation, a metal roof, 100-amp electrical service, natural gas heating, and running water. Perfect for a workshop, hobbyist or added rental income. The home also features a fully fenced backyard and parking for 6 vehicles in the garage and 6 in the driveway. One garage spot currently rented for 300/m.Combined, the property generates $4,774/month over $55,000/year- 6.7% CAP. If garage fully rented at 1050/m and increased rents considered this could be a 7.9%CAP. Centrally located near Farm Boy, FreshCo, Loblaws, Decathlon, Winners, Montfort Hospital, and the St-Laurent Complex. Easy access to transit, shops, parks, and more. Walk Score 70, Bike Score 70. A smart addition to any portfolio or ideal for live-in landlords. Dont miss it! Annual operating costs: Hydro approx. $2,101, Gas $2,458, Water $1,678, Insurance $3,522. 2024 property taxes: $5,908.
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Rooms
15 rooms · 3 bathrooms
- Living room16′5″ × 11′2″183 sq.ft.
- Kitchen15′8″ × 10′6″164 sq.ft.
- Dining room9′ × 8′72 sq.ft.
- Family room25′ × 20′500 sq.ft.
- Bathroom6′ × 3′6″21 sq.ft.
- Primary bedroom14′4″ × 11′157 sq.ft.
- Bedroom 211′ × 11′1″122 sq.ft.
- Bedroom 311′6″ × 8′6″98 sq.ft.
- Bathroom8′6″ × 8′68 sq.ft.
- Kitchen14′ × 11′154 sq.ft.
- Living room24′ × 10′239 sq.ft.
- Bathroom7′7″ × 5′38 sq.ft.
- Laundry5′6″ × 5′27 sq.ft.
- Bedroom 418′6″ × 11′203 sq.ft.
- Bedroom 518′6″ × 11′203 sq.ft.
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