The two family home with parking is set up as a three-bedroom 1.5 bath duplex with backyard access, over a 2 bedroom 1 bath unit on the ground floor. Separate gas and electric meters for both units. W/D hookup in the 3 bedroom unit. Walking distance to the 2, 5, & 6 trains as well as multiple bus line, shops and supermarkets, and right down the street from St. Mary's Park.
Please note the building will be sold occupied with tenants who have been renting the home on a month-to-month basis (no current leases in place, good standing and rental history). Rents are below market. 1st floor is paying $1,500, and the upper duplex 3 bedroom unit is paying $1,800. Estimated current market rent for first floor is $2,000 and $2,800 for upper duplex. Estimated 6.1% cap rate at market rent.
Qualifies for Eagle Community Program at First Republic Bank (primary residence)rate as low as 3.75% as of the date of the listing.
Photos coming soon.
Building Size: 2280SF
Building Dimensions: 20 38
Lot Size: 20 100
First access Saturday November 5th by appointment only.