22 Dollard St
Russell, K0A 1W0
FOR SALE
$849,888
Terminated
$0
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3 + 3
BEDROOMS2
BATHROOMS1 + 1
KITCHENS7 + 6
ROOMSX5948488
MLSIDContact Us
Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-05-05 | 2023-09-08 | 126 | $849,888 | - | Terminated |
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Property Description
Welcome To 22 Dollard Street, A Brilliantly Designed Fully Legal 2-Unit Home In Embrun. The Flagship Upper Unit Is A Renovated 3 Bedroom Home Rented For $2,204/Month. So Much Care And Attention Went Into Remodelling This Home And It's Now Among The Premier Rental Homes In Embrun. The Basement Unit Looks Even Better, If You Can Believe It - It's A Newly Created 3-Bedroom Home Rented For $2,050/Month. With These Two Spectacular Units, You'll Never Have Trouble Finding Quality Tenants And Rental Rates. At $2,204 And $2,050 Per Month These Units Total $4,254 Monthly, Annualized To $51,045. Tenants Pay Their Own Heat And Hydro Meaning Extremely Low Expenses Of $6,104. That Leaves A Stunning Net Income Of $44,942. Yes, Nearly 45 Grand Net! With These Incredible Numbers, Low-Maintenance Nature Of A Fully Renovated Property With A Brand New Secondary Unit, And The Competitive Asking Price, This Property Is Over A 5.25% Cap Rate! At 5% Annual Growth This Home Could Be Worth ~$3.7M In 30 Years.
Extras
Esa Certificate And Occupancy Permit On File.
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