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$836450 / 4br - Investment Property Clarkson 4 Bed, Great Cashflow

123456
L5J1P8

(google map)

4BR / 2Ba available dec 31

house
w/d in unit
carport

Notable Improvements

These items were professionally installed/repaired at the times listed below
- New Roof 2017
- New Eavestrough/Soffit/Fascia 2019
- New Furnace/AC 2018
- Basement Apartment Remodel 2018
- New Carpet 2019

This house is in excellent condition. It’s a very clean and livable space. The big front window lets in a lot of light, and the backyard is south facing so you get the late afternoon sun onto the private patio. The patio is covered on both sides by fence and hedges, providing a private area to rest or entertain.

Usage

The property currently has 2 legal apartments with separate entrances. Front and Side doors. Upper and basement. If the property is bought by a family looking to move into the unit, the tenants can be lawfully evicted if you plan on moving a family into the house – albiet with 2-3 months notice.

Potential uses
- Keep as investment property – income/expense sheets will be released to serious investors only
- Live in upper apartment and rent out basement – cashflow would subsidize the mortage substantially
- Convert back to a very large, 4 bedroom single family house

Location

The property location is excellent, providing express GO train service to Toronto (approx. 22mins right to union station – about as fast as it gets in terms of commuting from outside the city), and a half hour drive downtown.

6 minute drive to these locations
- Clarkson GO Station
- Sobeys, Metro, Food Basics
- Canadian Tire, Wal-Mart, Home Depot
- Tim Hortons, Wendy’s, Sushi, Indian restaurant
- Beer Store, LCBO
- Mechanic and auto parts stores (Part Source)

5 min walk to these amenities
- Clarkson Secondary School
- Nations Lighthouse Church
- Mini Skool Daycare
- Halton Hearing Center
- Your Health Wellness Center
- Pizza Pizza
- National Bank
- Chef’s Door
- Hasty Market

Tenant Information

Both upper and lower tenants are on an all-inclusive plan, but costs for utils and taxes are baked into the rental cost.
Their tenant agreements both started Aug 1, 2019, and are valid for a year. Both tenants were professionally vetted in terms of financial ability to pay their rental amounts.

Storage

The upper apartment has large closets in each room, including a large pantry and laundry storage area. The lower apartment has a massive crawlspace – enough to store an entire apartment worth of items, as well as 2 closets (walk-in and regular) in the master bedroom.

Parking

4 parking spaces are available in front of the house and fence.
Appliances

Both units have kitchens, which include
- 2 Fridges
- 2 Stoves
- Double sinks
- Dishwashers
- Washer and Dryer
- Microwaves

Buyer Realtor Commissions
The house is for sale by owner, but will offer competitive commissions to realtors that bring serious buyers to the table. Commissions will be discussed at time of showings, but will be no less than 1.5%, buyer only. I am not looking for a Seller agent, don’t contact me with this listing if you are looking for a client.

Sales Terms

Looking for a 60 day closing, but can negotiate for shorter closing if offer is right.

Please call Chris at show contact info or email to book a showing.

Please note that the pictures of the apartment were taken when the unit was NOT tenanted. Please expect a certain degree of difference between the pictures and the actual condition of the unit. If you have any questions about the unit feel free to ask. Thanks, Chris.

Tags:
3 three trois bedroom room unit section apartment dwelling clean upgraded with bathroom kitchen sink laundry 2 bedroom plus den 3 bedroom house home upper unit

  • do NOT contact me with unsolicited services or offers

post id: 7023068830

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