Accessory Suite Conversion Potential - Solid 3+1 Bed, 2 Bath Brick Bungalow In Desirable Lakeview Neighbourhood of Oshawa

Dana14120

Broker of Record, Punk Rock Realty, Inc.
REIN Member
Feb 27, 2018
5
0
1
Ontario
www.punkrockrealty.ca
#1
Steps To The Lake. One Bus to Oshawa GO Station or the Oshawa Centre. Convenient to Highways, Providing an Easy Commute to all of Durham Region and the GTA.

The Cozy Main Level Features 3 Bedrooms and 1 Bathroom with Updated Eat-In Kitchen. Hardwood Floors and Ceramics Throughout.

Accessory Suite Potential with Side Entrance to Finished Basement Containing a Rec Room w/Built-In Wet Bar, Bedroom and Bathroom.

Plenty of Driveway and Street Parking and the Fenced Backyard Features A Detached Brick 1.5 Car Garage.

Vinyl Clad Windows, Newer Shingles, Trane Furnace and Trane Central Air. Basement Recently Renovated with all Permits and Inspections.

$2850.00 Per Month Potential Rent Plus Utilities Per Month ($1650 plus 60% of Utilities for Main Floor, $1050 pus 40% of Utilities for Basement, $150 for Garage).

Based on $499,900 Purchase Price:

$99,980.00 – 20% Down
$15,000.00 - Renovations to Legalize Basement Suite
$114,980.00

Monthly Expenses

$1,782.00 Debt Service (5-year variable @2.45%, 25 yr amort)
$ 290.44 Taxes ($3,485.26 for 2018)
$ 213.57 Property Management (7% plus HST)
$ 135.00 Repairs/Maintenance (5%)
$ 20.00 Water Heater Rental
$2,441.01 Total Monthly Expenses

Potential Positive Cashflow of $409 per Month.

MLS#E4239436

$499,900.00

Give Me a Shout Anytime Should You Have any Questions or Would Like to View!

Cheers,
Dana

Dana Snow
Broker of Record
Punk Rock Realty, Inc.
Email: dana@punkrockrealty.ca
Office Phone/Fax: 1-888-999-9731
Cell: 905-537-2282

https://www.realtor.ca/Residential/...24-BEAUPRE-AVE-Oshawa-Ontario-L1J1E3-Lakeview

1 Exterior Front.jpg 4 Living Room 3.jpg 5 Kitchen 1.jpg 8 Bedroom 1.jpg 9 Bedroom 2.jpg 10 Bedroom 3.jpg 11 Rec Room 1.jpg 13 Bar.jpg 14 Bedroom 4.jpg 17 Exterior Rear 1.jpg