36 Pearl Ave Leamington, ON N8H 1J7
Listing Courtesy of: TORONTO IDX / Royal Lepage Your Community Realty

  36 Pearl Ave Leamington, ON N8H 1J7

Active
$410,688
6
BED
2
BATH
2000-2500
SQFT
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Description

Turnkey cash flow positive investment property boasting a whopping 9.5% cap rate OR the perfect family home with a basement apartment for additional income. Currently rented by the room (4 of 6 rooms tenanted); (UPPER) room #1: $1,000/mo, room #2: $800/mo (vacant), room #3: $800/mo (vacant), room #4: $800/mo; (LOWER) room #5: $1,000/mo, room #6: $800/mo. Shared kitchen and bath on UPPER level & 2nd shared kitchen & bath on LOWER level. Total gross rent once fully leased: $5,200/month. Landlord pays all utilities. Nearly $2,000/mo potential net cash flow after all expenses including debt service. Tenants willing to stay or vacate if buyer is end user. Basement fully renovated approximately 1 year ago. Clean and extraordinarily well maintained property. Outstanding location, family-friendly neighbourhood.

MLS®:
X10426438
Taxes
$3,443(2024)
Type
Single-Family Home
Style
Bungalow-Raised
County
Essex County

Listed By

Royal Lepage Your Community Realty
Source
TORONTO IDX
Last checked Nov 24 2024 at 4:15 AM MST
Bathroom Details
Interior Features
  • 1 X W/D. All Elfs and Window Coverings.
  • 2 X Stoves
  • All Existing Appliances Including 2 X Fridges
Heating and Cooling
  • Forced Air
  • Central Air
Basement Information
  • Sep Entrance
  • Apartment
Exterior Features
  • Brick
Utility Information
  • Sewer: Sewers
  • Fuel: Gas
Garage
  • Attached
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Disclaimer: Copyright 2024 Toronto IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/23/24 20:15

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