A&B - 126 Metcalfe St W, Strathroy-Caradoc, N7G 1M8

Home Overview

Description

Let the tenant pay the mortgage here! There are 4 ways to use this unique setup. 1. Seniors or first-time buyers live in the one and two-bedroom main floor unit and rent out the second-floor apartment for extra income. 2. Ideal for extended family (multi-generational family living) the parents live on the main floor, while the children live in the second floor apartment. 3 As an investor simply rent out both units as an excellent income investment with the potential to exceed an 8% cap rate. 4. This home can easily be converted back to a low-priced single family home. Separate hydro meters, plenty of driveway parking, numerous updates such windows, kitchen, bathrooms, flooring, painting throughout, roof shingles, soffit, fascia, eavestrough and much more. Ideally located near downtown Starthroy, in walking distance to all amenities. This home is currently used for multi-generational living, the owners and his extended family. There are no fixed rents. This well maintained brick Century home offers timeless character with a large wrap around front porch with original decorative gingerbread. There is a one and a half car garage, a spacious basement for storage and a large heatable workshop attached to the garage. Enjoy the fully fenced magnificent back yard, your private oasis of plants, trees, nature plus a gazebo for family fun and entertaining. Quick possession! Call today!

6 months

On Market

Duplex

Property Type

$2,213 / Year

Est. Taxes

$0 / Month

Maint. Fees

-

Locker

100+

Year Built