Orleans duplex - off market opportunity



Single family home with a completely separate and renovated/retrofitted basement apartment with separate side entrance. (Have permits, clear certificate, etc..)

The upper level is 3 bedrooms,1.5 Bathrooms. In unit laundry.
The lower level is 1 bed 1 bath with full kitchen and in unit laundry.

Asking $430,000

hydro for 2018 was $1941.09
Enbridge for 2018 was $992.68
Water was $1376.80
Insurance $1502
taxes $4500 (approx)

The upper level tenant is on a lease until September 2020. $1495/month.

The lower level tenant is on a lease until March 2019. $1195/month.

Gross Income - $32,280
Expenses - $10,313
Cap Rate - 5.1% 

Numerous upgrades include:
Apartment Completely renovated in 2011
Furnace 2008
AC 2011
Electrical upgraded 2011
plumbing updated 2011
Roof 2016

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