ON > Leamington
Leamington, ON N8H 1J7,36 Pearl AVE
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Leamington, ON N8H 1J7,36 Pearl AVE
Leamington, ON N8H 1J7,36 Pearl AVE
Leamington, ON N8H 1J7,36 Pearl AVE
Leamington, ON N8H 1J7,36 Pearl AVE
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 549,900
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36 Pearl AVE Leamington, ON N8H 1J7

4 Beds

2 Baths

UPDATED:

11/18/2024 08:06 PM

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

MLS Listing ID X10426438

Style Bungalow-Raised

Bedrooms 4

Annual Tax Amount $3,443

Tax Year 2024

Property Description

Turnkey cash flow positive investment property boasting a whopping 9.5% cap rate OR the perfect family home with a basement apartment for additional income. Currently rented by the room (4 of 6 rooms tenanted); (UPPER) room #1: $1,000/mo, room #2: $800/mo (vacant), room #3: $800/mo (vacant), room #4: $800/mo; (LOWER) room #5: $1,000/mo, room #6: $800/mo. Shared kitchen and bath on UPPER level & 2nd shared kitchen & bath on LOWER level. Total gross rent once fully leased: $5,200/month. Landlord pays all utilities. Nearly $2,000/mo potential net cash flow after all expenses including debt service. Tenants willing to stay or vacate if buyer is end user. Basement fully renovated approximately 1 year ago. Clean and extraordinarily well maintained property. Outstanding location, family-friendly neighbourhood.

Location

Province ON

County Essex

Rooms

Family Room No

Basement Apartment, Separate Entrance

Kitchen 2

Separate Den/Office 2

Interior

Interior Features Other

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Garage Private

Garage Spaces 3.0

Pool None

Waterfront No

Roof Type Other

Total Parking Spaces 4

Building

Unit Features Fenced Yard,School,School Bus Route

Foundation Other

Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY
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36 Pearl AVE