Belair Park - Copeland Park and Area - 5403 - Bel Air Heights
Belair Park - Copeland Park and Area - 5403 - Bel Air Heights
Listed For $899,999
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Flooring: Vinyl, RARE OFFERED INVESTMENT OPPORTUNITY - GREATER THAN 5% CAPITALIZATION RATE. See attached document. 1824 Forman Avenue is located in the prestigious Bel-Air Heights with an incredible location being only a 6 minute walk to Algonquin College. This bungalow has been converted to a LEGAL SECONDARY DWELLING in 2021 with all the proper channels followed and is fully permitted. The upper unit is rented at $2400 + hydro until April 1st 2023, and the lower unit is rented at $2200 + hydro until August 1st 2023 (separate 100 amp panels). Amazing tenants in both units (2 leases total). Each unit has 3 bedrooms 1 bathroom, 2 parking spots, private deck and own laundry. Massive $55,200 annual income (with potential to increase + parking rental), with $45,986 net. An investor or end user
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* Values are estimates only and not a guarantee of lending or affordability.