$ 549,900
36 Pearl AVE Leamington, ON N8H 1J7
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$ 549,900
Est. payment /mo
New
36 Pearl AVE Leamington, ON N8H 1J7
4 Beds
2 Baths
UPDATED:
11/18/2024 08:06 PM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
MLS Listing ID X10426438
Style Bungalow-Raised
Bedrooms 4
Annual Tax Amount $3,443
Tax Year 2024
Property Description
Turnkey cash flow positive investment property boasting a whopping 9.5% cap rate OR the perfect family home with a basement apartment for additional income. Currently rented by the room (4 of 6 rooms tenanted); (UPPER) room #1: $1,000/mo, room #2: $800/mo (vacant), room #3: $800/mo (vacant), room #4: $800/mo; (LOWER) room #5: $1,000/mo, room #6: $800/mo. Shared kitchen and bath on UPPER level & 2nd shared kitchen & bath on LOWER level. Total gross rent once fully leased: $5,200/month. Landlord pays all utilities. Nearly $2,000/mo potential net cash flow after all expenses including debt service. Tenants willing to stay or vacate if buyer is end user. Basement fully renovated approximately 1 year ago. Clean and extraordinarily well maintained property. Outstanding location, family-friendly neighbourhood.
Location
Province ON
County Essex
Rooms
Family Room No
Basement Apartment, Separate Entrance
Kitchen 2
Separate Den/Office 2
Interior
Interior Features Other
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Garage Private
Garage Spaces 3.0
Pool None
Waterfront No
Roof Type Other
Total Parking Spaces 4
Building
Unit Features Fenced Yard,School,School Bus Route
Foundation Other
Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY