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$695,000
Est. payment /mo
11 Beds
8 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision 772 - Broadway
MLS Listing ID X12390268
Style Bungalow
Bedrooms 11
Annual Tax Amount $3,119
Tax Year 2025
Property Sub-Type Duplex
Property Description
Large duplex with a front 6-bedroom apartment (currently fully rented by the bedroom to six good long term tenants) and a rear 5-bedroom apartment (currently owner occupied which could be vacated on closing or rented to the seller if the buyer wishes). This former church building offers a very spacious owner occupied rear unit with 5 bedrooms, kitchen, dining room, living room, laundry, pantry and 3 pc bathroom plus a large patio area and rear parking. The front of the building has a very large 6 bedroom unit, currently rented, with each bedroom having its own 2 pc washroom (5 rooms @ $700/month and 1 room @ $630/month on next increase). Tenants in the front unit share a kitchen, living room and 3 pc bathroom with shower. The rear owners unit could be rented for an additional $3,000 or more a month. Updates include roof shingles 2019, two high efficient furnaces 5-6 yrs old and central air. Electric hot water tank is owned, gas one is rented. 600 amp updated electric service. Some parking. Owner is willing to stay on and rent the rear unit and manage the 6 rooms that are currently rented or he can vacate on closing if the buyer wishes. Current rental income $46,240 (in the front unit only) with expenses of property taxes $2930, hydro $4870, gas $3760, rental water heater $540, water $2530. Buyer can live in the beautiful and spacious rear owners unit and let the tenants in the front unit pay the bills including the mortgage!
Location
Province ON
County Niagara
Community 772 - Broadway
Area Niagara
Zoning RL2, CC2
Rooms
Family Room Yes
Basement None
Kitchen 2
Interior
Interior Features Accessory Apartment, In-Law Suite, In-Law Capability, Primary Bedroom - Main Floor, Storage, Water Heater, Wheelchair Access
Cooling Central Air
Exterior
Exterior Feature Patio
Parking Features Private Double
Pool None
View Trees/Woods
Roof Type Shingles
Lot Frontage 50.0
Lot Depth 130.01
Total Parking Spaces 2
Building
Foundation Poured Concrete
Others
Senior Community No
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Listed by WOW REALTY GROUP
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