ON > Leamington
Leamington, ON N8H 1J7,36 Pearl AVE
Leamington, ON N8H 1J7,36 Pearl AVE
Leamington, ON N8H 1J7,36 Pearl AVE
Leamington, ON N8H 1J7,36 Pearl AVE
Leamington, ON N8H 1J7,36 Pearl AVE
Leamington, ON N8H 1J7,36 Pearl AVE
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Désirée King

Désirée King

+1(416) 333-8520
$ 549,900
Est. payment | /mo

4 Beds

2 Baths

Save Virtual Tour
$ 549,900
Est. payment | /mo
Save Virtual Tour

4 Beds

2 Baths

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

MLS Listing ID X10426438

Style Bungalow-Raised

Bedrooms 4

Annual Tax Amount $3,443

Tax Year 2024

Property Description

Turnkey cash flow positive investment property boasting a whopping 9.5% cap rate OR the perfect family home with a basement apartment for additional income. Currently rented by the room (4 of 6 rooms tenanted); (UPPER) room #1: $1,000/mo, room #2: $800/mo (vacant), room #3: $800/mo (vacant), room #4: $800/mo; (LOWER) room #5: $1,000/mo, room #6: $800/mo. Shared kitchen and bath on UPPER level & 2nd shared kitchen & bath on LOWER level. Total gross rent once fully leased: $5,200/month. Landlord pays all utilities. Nearly $2,000/mo potential net cash flow after all expenses including debt service. Tenants willing to stay or vacate if buyer is end user. Basement fully renovated approximately 1 year ago. Clean and extraordinarily well maintained property. Outstanding location, family-friendly neighbourhood.

Location

Province ON

County Essex

Rooms

Family Room No

Basement Apartment, Separate Entrance

Kitchen 2

Separate Den/Office 2

Interior

Interior Features Other

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Garage Private

Garage Spaces 3.0

Pool None

Waterfront No

Roof Type Other

Total Parking Spaces 4

Building

Unit Features Fenced Yard,School,School Bus Route

Foundation Other

Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 333-8520

desiree@kingsdownsizing.com

130 King St. W. Unit 1800B, M5X1E3, Toronto, Ontario, Canada

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36 Pearl AVE