Here’s a huge 5000 sqft triplex on 5 acres that can get big rents. Who wants it? This is your reward if you’re in a position to close quickly. Merry Christmas!
– LOCATION: 20 min to Kingston & 20 min to Napanee
– PURCHASE PRICE: $349,900 Or Best Offer
– AFTER REPAIR VALUE: A lot more! It’s a unique property, so we won’t pretend to know what it will sell for. But it sold for $540,000 in 2014 and we think it can be worth a lot more now.
– CLOSING: Dec. 18 (This is an assignment sale.)
– TYPE: Detached 3-Storey House on Acreage
– BEDS/BATHS: Per MPAC it had 12 bedrooms, 4 bathrooms, 3 half bathrooms… but the current configuration has changed. Currently, there are two 2-bed units and a 5-bed unit.
– PARKING: Plenty! You have a small parking lot.
– ZONING: Zoned for a Triplex – A Rural Exception
– SQFT: 4944 sqft (But let’s call it 5000)
– LOT: 4.92 Acres
– WELL/SEPTIC: Yes
– AGE: 1890 Built
– PROPERTY TAX: $5110/year
MORE PROPERTY INFO:
– One 2-bedroom unit is rented at $1900 including heat, hydro, and internet. Tenant may leave soon, but it will be after closing.
– The other two units are vacant.
– The house could use some re-configuration to improve the triplex. One unit is a commercial kitchen with no bathroom.
– Needs new windows.
– Two 200 Amp breaker panels
– A lot of the plumbing has been updated in the past 10 years.
– Please take a look at the pictures for more ideas.
– A great price for a lot of house & land with Triplex zoning.
– Still has many nice features of a classic & majestic home. Wood stairs, high ceilings, tall baseboards, balconies, etc.
Please let us know if you want to view it or if you want us to get you details. (Comparable sales, MPAC info, and more…)
Aaron Moore & Tomomi Wang
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors