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Listed 2 months ago

351 Amiens Street

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

$779,900

Detached|Bungalow
3 | 3 | 5
About this home

Looking for a bungalow with a LEGAL secondary unit? Live in one unit and help pay your mortgage with the other, or rent out both and enjoy the monthly cash flow! The upper unit offers 3 bedrooms, quartz countertops, SS appliances, in-unit stacked laundry and NO carpet to be found. The lower unit also offers quartz counters, in-unit stacked laundry and NO carpet. There's also an ensuite bath and walk-in closet for one of the 3 bedrooms, and a second full bath as well. SDU conversion completed in 2021 with 2 hydro meters, plumbing/electrical and HVAC updates. Sitting on a large 60 x 90 lot, the location is fantastic surrounded by schools and parks, and situated conveniently close to Place d'Orleans, transit/future LRT stop, highway access and all the amenities of Tenth line and Innes. Previous rents were $2600 and $2450/month with an annual NOI of $49,800 (that's a 6.4% CAP rate!!!) Both units are currently vacant so you can easily move in to either unit or set your own rents. A fantastic opportunity for whatever your plans are!!

Extras

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agent
Ephy Bookbinder
(416) 838-4804
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,624
Lot Size60 ft x 90 ft
mls© NumberX13734266
Listed ByCOLDWELL BANKER FIRST OTTAWA REALTY

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%
$3,992
Property tax
$385
Heat allowance
$150
Housing costs
$4,527 / mo

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

Down payment20% · $155,980
25-yr amortization

Income needed

$139,000

gross annual household income

Payment at 4%
$3,282 / mo
Cash down
$155,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Values and trends

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