Sold on Mar 20, 2022
Note: Property is not currently for sale or for rent.
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Type: Duplex
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Style: Bungalow
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Lot Size: 35 x 100 Feet
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Age: 31-50 years
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Taxes: $3,154 per year
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Days on Site: 4 Days
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Added: Mar 16, 2022 (4 days on market)
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Updated:
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Last Checked: 4 hours ago
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MLS®#: X5540540
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Listed By: Keller williams realty centres, brokerage
Welcome To 8 Binscarth Crescent, A Recently-Completed And Now Fully Rented Legal 2-Unit Property With An Incredible 6.4% Cap Rate And $1,426 Monthly Cashflow. Both 3-Bed Units Are Beautifully Finished With Attractive Kitchens With Quartz, And Luxury Vinyl Flooring Throughout. High Eff. Gas Boiler Results In Ultra-Low Heating Costs, $76 Per Month. Separate Hydro Paid By Tenants Further Reduces Costs. Boiler Provides Hot Water On Demand; No Water Tank Rentals!
Extras
Rental Income Totals $3690 Per Month (Just Over $44K/Yr). Expenses: Prop. Tax $263/Mth, Insurance $72/Mth, Heat $76/Mth, Water $80/Mth Net Operating Income $38.4K. Cash Flow $17K/Yr Or $1,426 Every Month. Rents $1795 & $1895.
Status
Days on Market: 4
Last Status: Sold
Sold Date: Mar 20, 2022
Closed Date: Apr 22, 2022
Expiry Date: Sep 16, 2022
Sold Price: $777,778
Unavailable Date: Mar 20, 2022
Input Date: Mar 17, 2022
Prior LSC: Listing with no contract changes
Property
Status: Sale
Property Type: Duplex
Style: Bungalow
Age: 31-50
Area: Ottawa
Community: Kanata
Availability Date: Flexible
Inside
Bedrooms: 3
Bedrooms Plus: 3
Bathrooms: 3
Kitchens: 1
Kitchens Plus: 1
Rooms: 7
Den/Family Room: No
Air Conditioning: Wall Unit
Fireplace: No
Washrooms: 3
Building
Basement: Apartment
Heat Type: Water
Heat Source: Gas
Exterior: Stucco/Plaster
Water Supply: Municipal
Special Designation: Unknown
Parking
Driveway: Mutual
Garage Type: None
Covered Parking Spaces: 3
Total Parking Spaces: 3
Fees
Tax Year: 2021
Tax Legal Description: Pt Lt 1053, Pl 887 , Part 39 & 40 , 5R1473 ; S/T C
Taxes: $3,154
Land
Cross Street: Castlefrank Rd & She
Municipality District: Ottawa
Fronting On: East
Parcel Number: 044820029
Pool: None
Sewer: Sewers
Lot Depth: 100 Feet
Lot Frontage: 35 Feet
Additional Media
- Virtual Tour: https://www.youtube.com/watch?v=AMFzQsea3kc
École élémentaire catholique Roger-Saint-Denis
Elementary: CatholicGlen Cairn Public School
Elementary: PublicBridlewood Community Elementary School
Elementary: PublicSt James Elementary School
Elementary: CatholicSt Martin de Porres Elementary School
Elementary: CatholicJohn Young Elementary School
Elementary: PublicÉcole secondaire catholique Paul-Desmarais
Secondary: CatholicÉcole secondaire publique Maurice-Lapointe
Secondary: PublicA.Y. Jackson Secondary School
Secondary: PublicHoly Trinity Catholic High School
Secondary: CatholicSacred Heart High School
Secondary: CatholicEarl of March Secondary School
Secondary: Public
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