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36 PEARL AVENUE, Leamington, Ontario

$549,900

6 Beds
2 Baths

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. (id:23309)

Listing ID: X10426438
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Bathroom	Basement	1.78 m x 1.65 m
Laundry room	Basement	2.22 m x 2.66 m
Kitchen	Basement	4.3 m x 3.02 m
Bedroom	Basement	3.4 m x 2.96 m
Bedroom 2	Basement	4.32 m x 7.12 m
Kitchen	Main level	4.27 m x 3.62 m
Primary Bedroom	Main level	3.66 m x 3.42 m
Foyer	Main level	7.47 m x 2.01 m
Bedroom 2	Main level	3.09 m x 3.26 m
Bedroom 3	Main level	4.51 m x 4.84 m
Bedroom 4	Main level	3.39 m x 3.39 m
Bathroom	Main level	2.78 m x 2.12 m

Details

Architectural Style: Raised bungalow
Amenities Nearby: Schools
Community Features: School Bus
Ownership: Freehold
Parking Spaces: 4
Transaction: For sale

Building

Architectural Style: Raised bungalow
BasementType: N/A
Basement Features: Apartment in basement, Separate entrance
Bedrooms Main Level: 4
Bedrooms Lower Level: 2
Construction Style Attachment: Detached
Cooling: Central air conditioning
Exterior Finish: Brick
Fireplace Present: False
Bathrooms (Total): 2
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1999.983 - 2499.9795 sqft
Stories Total: 1
Type: House
Utility Water: Municipal water

Land

Amenities: Schools
Fence: Fenced yard
Sewer: Sanitary sewer
Size Frontage: 60 ft
Size Irregular: 60 x 125 FT

Listing provided by ROYAL LEPAGE YOUR COMMUNITY REALTY
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 36 PEARL AVENUE in Leamington Ontario. It was last modified on November 15th, 2024. Contact the Bird House Real Estate to schedule a viewing or to discover other Leamington homes for sale.

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