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Description:
This property was purpose built for parents and three grown children with their own families. It is considered legal as an in-law, but unauthorized as a home with a Basement Suite. Extremely well laid out and in very good condition, this property is available as either a 4-Unit Revenue Property (current use) or as 5-Bedroom Duplex with 2-Bedroom Suite. The upper level on each side of the duplex offers 1,200 sq. ft. of living space with 3 Bdrms and 2 Bathroom. The lower level on each side offers 1,000 sq. ft. of living space with 2 Bdrms and 1 Bathroom. There is a single car garage for each side of the Duplex. Both upper floors have Gas Fireplaces fueled by Propane. 2 - 100 lb. Propane tanks are included in the sale. The property currently generates about $ 25,000 annually for each side. In 2005 the net revenue after Debt Servicing but before Taxes, generated almost $ 18,000 worth of cash flow. |
