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$ 499,900
Est. payment /mo
Price Dropped by $50K
36 Pearl AVE Leamington, ON N8H 1J7
4 Beds
2 Baths
UPDATED:
01/24/2025 05:25 PM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
MLS Listing ID X10426438
Style Bungalow-Raised
Bedrooms 4
Annual Tax Amount $3,443
Tax Year 2024
Property Description
Turnkey cash flow positive investment property boasting a whopping 7.6% cap rate OR the perfect family home with a separate entrance & basement apartment for additional income. Currently tenanted. Tenants can stay or vacate if buyer is end user. Total gross rent once fully leased: $4,000/month. Nearly $966/mo potential net cash flow after all expenses including debt service. Basement fully renovated approximately 1 year ago. Clean and extraordinarily well maintained property. Outstanding location, family-friendly neighbourhood.
Location
State ON
County Essex
Area Essex
Rooms
Family Room No
Basement Apartment, Separate Entrance
Kitchen 2
Separate Den/Office 2
Interior
Interior Features Other
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Garage Spaces 3.0
Pool None
Roof Type Other
Lot Frontage 60.0
Lot Depth 125.0
Total Parking Spaces 4
Building
Unit Features Fenced Yard,School,School Bus Route
Foundation Other
Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY