Duplex on huge lot(8767sq ft). 5 bdrm 2 bath. 2000 sq. ft. Zoning RN-2.
Corner of Hawthorne street and MacDougal street.
Two totally self contained units with separate entrances and laundry. Appliances negoitiable.
Main floor: 3 bedroom flat with full bathroom and deck.
Basement: 2 bedroom flat with huge walk thru closet and 3 pc bathroom.
On public transit route. 1.7km from main street. Parking(paved) for 4 cars.
Rental income is $2850. $1650 (3 bdrm) $1200 (2 bdrm). Year to year leases in place with excellent tenants. Utilities are included in rent. 2024 average monthly power including heat was $444. Average monthly water was $53.
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Heat : mini split heat pump and baseboard electric radiators
Water: municipal
Sewer: municipal
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Age: 50 years. Egress windows in basement bedrooms 2019. Weeping tile and proper backfill 2006. Roof 18 years. Deck is well aged – at least 20 years.
Exterior : Vinyl
Flooring: Main floor is laminate and vinyl in bathroom. Basement is carpet with vinyl in bathroom and kitchen.
Freehold.
Migrated : YES
2025 Assessment: $269,100
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If interested:
1. Please make sure you are ‘pre-approved' for the mortgage . The rental income will help with the bank approving your mortgage. Lenders used to count 50% of the rental income as ‘disposable income'. Each bank does things slightly differently.
2. Partial rental income for the month of the closing will be passed on to you as a credit. A closing date early in the month will give you a larger credit . For example, if you close on 2nd June, the credit will be $2473.
3. Please familiarize yourself with ‘closing costs'. eg. ‘Deed transfer tax' in the town of Antigonish is 1.5% of the purchase price. Your portion of the property tax for 2025-2026 will also be significant for a June 1 closing (guessing around $2000). Your lawyer will want to be paid too.
4. Proof of insurance is needed by your lender.
When you call please mention you found this ad listing on OKz.ca