Kanata - 9003 - Kanata - Glencairn/Hazeldean
Kanata - 9003 - Kanata - Glencairn/Hazeldean
Terminated
Flooring: Vinyl, Welcome to 8 Binscarth Crescent, a recently-completed and now fully rented legal 2-unit property with an incredible 6.4% CAP RATE and $1,426 monthly CASH FLOW. This property features two attractive 3 bedroom units – that’s right, while recent sales in this property class each had a total of 4 or 5 bedrooms, this is the only one that has 6! Both units are beautifully finished with attractive kitchens with quartz countertops, and luxury vinyl plank flooring throughout. High efficiency gas boiler results in ultra-low heating costs of $76 per month. Separate hydro paid by tenants further reduces costs. Boiler provides hot water on demand – no water tank rentals! Rental income totals $3690 per month (just over $44k/yr). Expenses: prop. tax $263/mth, insurance $72/mth, heat $76/
* Values are estimates only and not a guarantee of lending or affordability.
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