About 116 Summer St
Instant Positive Cash Flow + 3 Unit Home, Legal Duplex With Basement Unit Non-Conforming + Live In One Unit & Rent The Other Units + Quiet Street End Street Leading To A Park + Premium Deep Lot! Unit 1 (Currently Vacant): Main Floor, 2 Bedrooms, Separate Laundry, Separate Entrance, 1 kitchen, 1 Full Bathroom, Living Space & Tons Of Storage. Unit 2: Main and Upper Floor, 3 Bedrooms, Separate Entrance Through Backyard, Walkout Deck, 1 Kitchen, 1 Full Bathroom & Shared Laundry With Basement Unit. Unit 3: Bsmt Unit W/Separate Entrance, 1 Kitchen, 2 Bedrooms, 1 Full Bathroom & Shared Laundry. Ideal For Investors Or First Time Home Buyers With Rent Paying For The Mortgage. Being Sold Under Market Value, Won't Last Too Long. Close To Schools, Shopping, Transit & Much More. Financials: Unit 1(Vacant): $2300, Unit 2: $2200 (Market Rent:$2300/month) + Unit 3: $1350 (Market Rent $1400/month). Gross Income: $5850/mt, Potential Gross Income: $6000/mt. Financials Attached.
Features of 116 Summer St
| MLS® # | E8219304 |
|---|---|
| Price | $689,000 |
| Bedrooms | 5 |
| Extra Bedrooms | 2 |
| Bathrooms | 3.00 |
| Type | Residential |
| Sub-Type | Detached |
| Style | 1 1/2 Storey |
| Status | A |
Community Information
| Address | 116 Summer St |
|---|---|
| Area | Durham |
| Subdivision | Central |
| City | Oshawa |
| Province | Ontario |
| Postal Code | L1H 2K9 |
Amenities
| Features | All Existing Appliances (3 Fridges, 3 Stoves, 2 Washer & 2 Dryers, 3 Range hoods, 1 Dishwasher), All ELFs. 2 Separate Hydro Meters. Btv All Descriptions/Monetary Amounts/Measurements/Rentals. |
|---|---|
| Parking Spaces | 4 |
| Garages | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
| # of Kitchens | 2 |
| Additional Kitchens | 1 |
| Has Family Room | Yes |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Basement | Apartment, Sep Entrance |
Exterior
| Exterior | Alum Siding |
|---|---|
| Lot Description | 40.04x111.39 Feet |
Additional Information
| Taxes | $4,560.00 |
|---|---|
| Fronting On (NSEW) | N |
| Driveway | Private |
| Maintenance Fee | $0.00 |
| Directions/Intersection | Simcoe St S & Olive Ave |
| Days On Website | 28 |
Listing Details
| Office | RE/MAX ROYAL PROPERTIES REALTY |
|---|