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Listed 2 months ago

1512 BLACKHEATH Street N

1102 - Bilberry Creek/Queenswood Heights, Orleans - Cumberland and Area

$799,900

Detached|Bungalow
2 | 2 | 7
About this home

Welcome to 1512 Blackheath, a legal duplex offering an excellent investment opportunity with two spacious, self-contained units, separate entrances, and no rear neighbours.The upper Unit A features 2 bedrooms, 1 full bathroom, in-unit laundry, a private separate entrance, and a functional, comfortable layout. Current rent is $2,416/month, utilities included. The lower Unit B also offers 2 bedrooms, 1 full bathroom, its own in-unit laundry and separate entrance, providing excellent privacy and convenience. Currently rented for $1,950/month, utilities included. The owner pays the utilities for both units. Combined scheduled gross rental income is approximately $4,366/month or $52,392 annually.With two fully independent units, separate entrances, separate laundry facilities, and a desirable setting with no rear neighbours, this legal duplex presents a great opportunity for investors or buyers looking for additional rental income. The anticipated vacancy of the upper unit also provides flexibility for a future owner to re-rent or occupy the unit, subject to applicable tenancy requirements.

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agent
Ephy Bookbinder
(416) 838-4804
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,541
Lot Size70 ft x 100 ft
mls© NumberX13706542
Listed ByCENTURY 21 ACTION POWER TEAM LTD.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,094
Property tax
$378
Heat allowance
$150
Housing costs
$4,623 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $159,980
25-yr amortization

Income needed

$142,000

gross annual household income

Payment at 4%
$3,366 / mo
Cash down
$159,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Values and trends

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