AFFORDABLE HOUSING! This is a triplex. If you have a client that wants to live in this building in unit 1, the rents from the other 2 tenants will pay the whole mortgage!!! The buyer can legally issue an N11 to the tenant in unit 1 informing them he is moving into that apartment. $50 k down leaves a $600k mortgage payment of ($600k x$5/ $1000 (4%) $3000). The rents from the other 2 apt are $1333 and $150. That's $2833 to pay the mortgage. The tenants pay their own utilities. So the buyers monthly cost is Insurance and Taxes. You cant get more affordable than that. Also the back apt was just renovated in 2024. 2 of the gas furnaces were just put in in 2023 and 2024. (id:4069)
Address
81 EAST Avenue
List Price
$644,900
Property Type
Single Family
Type of Dwelling
House
Style of Home
2 Level
Area
Ontario
Sub-Area
Brantford
Bedrooms
1
Bathrooms
1
Floor Area
2,145 Sq. Ft.
MLS® Number
40672550
Listing Brokerage
Royal LePage Action Realty
Basement Area
Partial (Unfinished)
Postal Code
N3S3L6
Zoning
RC
Site Influences
Hospital, Shopping
Features
Paved driveway, Shared Driveway
