Tucked away on a private drive is a 3 apartment property consisting of an upper apartment having 2 bedrooms, one full bathroom kitchen and living room. On this level there is also a studio apartment with shower bath and kitchenette. These 2 units have a separate driveway and parking area which can accommodate 2 cars.
The lower level apartment has 2 bedrooms, having large closets kitchen, Living room and one full bathroom and separate parking area. Existing monthly rental income is $4,850.
Built in 1983 this property has good strong bones and while habitable may require some upgrades to suit your personal needs or it could just do with a little TLC for an investment property. The total living space is 1,811 square feet.
Monthly repayment is an estimate for guidance only. Calculation is based on an interest rate of 7.00%, 30% deposit over a 25 year period.