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List Price
$1,300,000
LIVE IN THIS PROPERTY FOR AS LOW AS
$1,500
PER MONTH
Why we love it.
Live in the two story unit and rent out the other two.
This fully detached property is located just minutes from the Beaches. Its layout allows the owner to enjoy a luxurious two-storey living space while generating income from two smaller rental units. With the addition of a laneway house, there’s potential to live mortgage-free.
BY THE NUMBERS
Property details & financials.
Monthly Mortgage
$5,000
Monthly Taxes & Utilities
$1,000
Monthly Rental Income
$4,500
Total Monthly Carrying Costs
$1,500
% Of Mortgage Covered by Rent
90%
Property Details
Property Type
Fully Detached
Bedrooms
4
Bathrooms
3
Lot Size
22 x 100
ADU Potential?
Yes
Total Rent Collected After 5 Years
$270,000
With ADU Addition
(If Qualified)
Loan Amount
$400,000
Monthly Loan Payment
$2,200
Monthly Rental Income
$4,200
Monthly Cashflow
$2,000
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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