8.3% cap rate in historic row home.
The INVESTMENT : Grossing over $43,000 yearly this Brock University home is beaming with great tenants that would love to stay. This 6 bedroom home can we rented to a group or individuals with an in-law suite separate in the basement. ( Expenses provided in picture)
THE HOME: We love this home and could see a young couple wanting to live here as well! The bold headers, rich trim and great ceiling height in this character home. All the timelessness of its original design with a hip modern flair that makes this such a desirable home to live in. Convert the 2 rooms on the main back to social areas and keep the 3 beds up with the rental in the basement. Many UPdates include electrical, ac, insulation, 2nd bath, shingles, s/f/e and most all windows. With the stairs reappointed, 3rd bathroom and 2nd kitchen in the basement all 2019.
THE LOCATION: This is the pulse of the city! What is not to love? Think Brock’s Performing Arts, farmers market, hip café’s vegan doughnuts and patio taco’s through the downtown core. The backyard patio is lush and private bbq’s can be had under the comfort of having the police station as a back neighbour so you know you’re in safe hands. This is city living.