430 PARKSIDE Drive 72 , Mount Forest, Ontario, CA

Address: 430 PARKSIDE Drive, Mount Forest, Ontario

6 Beds4 Baths2551 sqftStatus: Buy
Price $799,900

Property Overview


Investors take notice, this property has been very diligently and meticulously taken care of and updated over the years. Thinking of buying a home and having someone help pay the mortgage? This is a great opportunity for that with traditional lenders being able to use market rents to help you qualify for a purchase. Live in 1 unit and have the other two subsidize your mortgage. This is a great time and way to get an investment property for now and the future. Unit 1 has private use of the North side driveway and has their own private entrance at the rear. A nice mudroom and living room above grade with a 3pc bath, 2 bedrooms, eat in kitchen and storage. Unit 2 is a nice 1 bedroom apartment on the main floor with a great sunroom, living room, eat in kitchen, 3pc bath and large bedroom. This unit gets parking on the south side driveway. Unit 3 is on the 2nd and 3rd floors which comes with 3 bedrooms, kitchen, 4pc bath, 2pc bath and a large living room. This unit also has its own parking on the south side driveway. All of the units have separate hydro meters and hot water tanks. All units also have in-suite laundry. There is outdoor storage for tenants and a large inviting fenced rear yard for the tenants to share. There is also a detached garage with hydro which the Landlord currently uses but could be used to generate more income. Some of the many upgrades over the years include: Appliances, washrooms, flooring, windows, roof, central air, furnace, electrical, fire safety, paint, plumbing and more. Ask your Realtor for a complete list of upgrades. Priced at a 5% Cap Rate, this property is perfect to add to your portfolio of investments or to jump in for your first. Solid Brick, Solid Income, Solid Investment. (id:51532)

 

Tags




Property Summary
Property Type
Multi-family
Building Type
Triplex
Storeys
2.5
Square Footage
2551 sqft
Subdivision Name
72 - Mount Forest
Title
Freehold
Land Size
0.24 ac|under 1/2 acre
Built in
1923
Parking Type
Detached Garage
Building
Bathrooms
Total
6
Interior Features
Basement Type
Full (Finished)
Building Features
Features
Skylight, Sump Pump
Foundation Type
Block
Square Footage
2551 sqft
Heating & Cooling
Cooling
None
Heating Type
Forced air
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Community Features
Community Centre
Amenities Nearby
Hospital, Place of Worship, Playground, Schools, Shopping
Parking
Parking Type
Detached Garage
Total Parking Spaces
8
Land
Other Property Information
Zoning Description
R2
Features
           Skylight            Sump Pump            Detached Garage
           None
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Your Home Finance Calculation

Property Price CA $799,900
Bank Loan Amount CA $0
Monthly Installment CA $0

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