Listing courtesy of KELLER WILLIAMS INTEGRITY REALTY.
This Kanata investment property has two VACANT beautifully renovated units including a BRAND NEW secondary dwelling unit with separate entrance. The upper level is a large 3-bedroom unit. The lower is a 3-bedroom unit with TWO full bathrooms. Absolute cash cow, the best in Kanata. The gem of any A+ duplex conversion: brand new gas boiler heating; savings right to your bottom line. 2 Hydro meters, paid by tenants. Cash flow: $2100+$1900 projected monthly rent annualizes to $48,000. Subtract $307/M taxes, $150/M insurance, $75/M heat, $250/Q water and net income is over $40,000. Yes, forty grand net, in Kanata. At 1.85% over 30yrs the mortgage is $2404 and cash flow is an incredible $981/month. 30yr ownership: cash flow $353,000; 5% value growth/yr = $3,586,728 value. Per CIBC, thats 19x the average Canadians retirement savings. Imagine finding this deal just 2 or 3 times in your lifetime. These units were created after Nov 15 2018 meaning they're permanently exempt from rent control. (id:2579)