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Great triplex on a Double Lot!

217 Morton St -

 

Great Fully Detached Investment Property With 3 Units; House On A Double Lot, With Brand New Construction Nearby. Quiet Family Street & Abundance Of Sunlight. Well Managed And Maintained. Easy To Rent Any Landlord Appliances  In As-Is Where-Is Condition, Furnace/AC, Roof 2016, Excludes: All Tenant Belongings.

Unit 1 Main floor  $1,100/Mth + Hydro & 1/2 Gas, (elec meter shared with basement)

Unit 2 Upper- vacant was Leased, $1,300 + half water and hydro

Unit 3 Bsmt - Vacant needs work, was Rented In 2018 @ $650/Mth  (elec meter shared with Main)

 

MONTHLY PROFIT AND LOSS STATEMENT FOR 217 MORTON STREET THOROLD SOUTH RENT:          

MAIN FLOOR TENANT   $1,100.00 (Pays all of the Hydro and 1/2 of the Gas ) Is month to Month 
2ND FLOOR TENANT     $1,300.00 ( pays half water and hydro)
BASEMENT      $700.00 (WAS RENTED LAST YEAR- NEEDS WORK HAS KITCHEN AND BATHROOM-pays half Hydro)

TOTAL MONTHLY INCOME   $3,100.00  
 
EXPENSES:        
PROPERTY TAX     $3,841.00 (2018 TAXES) $320/m

UTILITY:          
  GAS     $35.00 (main floor tenant pays other half)
  HYDRO     $0.00 (currently paid by main floor tenant shared when basement is rented)
  WATER/SEWER   $160.00  
HVAC          
  HOT WATER TANK   $30.00  
  FURNACE     $170.00  

TOTAL MONTHLY EXPENSE   $715.00  
 
TOTAL MONTHLY CASH FLOW $1,990.00  

 

DOWNLOAD ZONING INFORMATION

 

SEE THE NEIGHBOURING DEVELOPMENT ROLLING MEADOWS

 

Property Details

  • ID: X4367353
  • Beds: 5
  • Total Rooms: 9
  • Estimated Annual Taxes: $3,841
  • Property ID: 101387113
  • Baths: 3 (Full: 3 3/4: 0 1/2: 0 Other: 0)
  • New Construction: No
  • Style: 2-Storey
  • Status: Active
  • Lot Size: 80 x 180 Feet

Features

External Sewers - Sewers, Exterior1 - Alum Siding
Internal Water - Municipal, Utilities-Telephone, Utilities-Sewers, Utilities-Municipal Water, Utilities-Gas, Utilities-Cable, Kitchens - 3, Heat Type - Forced Air, Heat Source - Gas, Approximate Square Footage - 2500-3000, Air Conditioning

Rooms

Bedroom 1
Bedroom 1 - Hardwood Floor, Window, Closet
Kitchen - Laminate, Open Concept, Large Window
Kitchen
Living Room - Hardwood Floor
Living Room - Hardwood Floor, Large Window
Listed By Ryan Anderson of CENTURY 21 Millennium Inc., Brokerage*