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List Price
$1,700,000

LIVE IN THIS PROPERTY FOR AS LOW AS
$2000
PER MONTH
Why we love it.
Renovated triplex offers low costs and maximum lifestyle.
This property is the definition of turn key, but at an affordable price. Each unit is both laid out and beautifully designed/updated. The property also sits on an extra deep, 145 foot lot with the ability to build a large laneway house down the line. It doesn't get any easier to decrease costs and build long term wealth.
BY THE NUMBERS
Property details & financials.
Monthly Mortgage
$6500
Monthly Taxes & Utilities
$1000
Monthly Rental Income
$5500
Total Monthly Carrying Costs
$2000
% Of Mortgage Covered by Rent
85%
Property Details
Property Type
Semi-Detached
Bedrooms
3 + 1
Bathrooms
3
Lot Size
17 x 145
ADU Potential?
Yes
Total Rent Collected After 5 Years
$330,000
With ADU Addition
(If Qualified)
Loan Amount
$450,000
Monthly Loan Payment
$2400
Monthly Rental Income
$4400
Monthly Cashflow
$2000
Mortgage is based on a 20% downpayment with a 30 year amortization and a 4.1% rate. ADU financing is based on the same terms and a build cost of $400 per square foot.
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