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$ 499,900
Est. payment /mo
Price Dropped by $50K
36 Pearl AVE Leamington, ON N8H 1J7
6 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 6
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
Exterior
Parking Features Private
Garage Spaces 4.0
Pool None
Roof Type Other
Lot Frontage 60.0
Lot Depth 125.0
Total Parking Spaces 4
Building
Foundation Other
Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY