Turnkey investment opportunity! Solid all-brick 1.5 storey duplex offering two separately metered units (gas & electricity) with strong income potential. The main floor features a 2 bedroom, 1 bath unit with spacious living and dining area, in-suite laundry, and a long-term tenant currently paying $800/month plus utilities. The upper unit offers a fully renovated 1 bedroom, 1 bath layout with living room, galley kitchen, and in-suite laundry. Currently rented at $800/month plus $250 utilities, with market rent potential of approximately $1,100/month.Both units have seen updates over the years. Main floor includes newer furnace and owned hot water tank. Property also features a newer roof. Ideal opportunity for investors looking to expand their portfolio or buyers looking to offset ownership costs with rental income. Separately metered services provide added convenience and flexibility. Opportunity also exists for buyers to assume vacant possession for personal use while leveraging income from the upper unit — a smart way to reduce expenses and save toward your next purchase. Call today to #lovewhereyoulive. (id:4069)
Address
215 Grand AVENUE East
List Price
$325,000
Property Type
Single Family
Type of Dwelling
Single Family
Transaction Type
Sale
Area
Ontario
Sub-Area
Chatham
Bedrooms
3
Bathrooms
2
Lot Size
42.72 X 133 Sq. Ft.
Year Built
1850
MLS® Number
26006843
Listing Brokerage
NEST REALTY INC.
Postal Code
N7L1W3
Zoning
RL3
Features
Front Driveway, Gravel Driveway, Rear Driveway
