Southwest Middlesex - Glencoe
Southwest Middlesex - Glencoe
Sold For$140,000
Listed For $148,000
Sold May 2014
Hard to find! Over 10 percent cap rate!! This 2.5 storey home is currently being used as a duplex and is fully rented. Main floor 2br apartment is wheelchair accessible and rents for $750/month. Upper 3 bedroom apt rents for $775/month. Yearly expenses (heat, taxes, insurance) total $2895. Both tenants pay their own hydro & water. Landlord pays gas heat. Newer roof (2012) & newer high efficiency furnace and has new partial fencing. Each unit has its own parking. Glencoe is a vibrant community with both a public school & highschool and has a great rental market! Walking distance to town amenities & the new Tim Hortons! Opportunity knocks! Listed in conjunction with Multi-Family MLS#539833. 24 hour notice required for showings due to tenants. Buyers to satisfy themselves re: legal non-confor
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