$449,000

$465,000For salePrice drop↓ $16,000 (3%)

119 MYRTLE Street, Aylmer, Ontario, N5H3E9

8 bd6 pk3,556 ft²

Listed by SHOWCASE EAST ELGIN REALTY INC

200 Talbot Street East, Aylmer, Ontario, N5H1H7

For sale

100 days ago

$500K

200 Talbot Street East, Aylmer, Ontario, N5H1H7

4 bd2 ba4 pkLot size 33 × 144 ft (4,752 sq ft)

Listed by UNIVERSAL CORPORATION OF CANADA (REALTY) LTD., BROKERAGE

Investment analysis

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$449,000

Aylmer

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Description

Situated steps from downtown; this charming fully tenanted triplex is a rare turnkey investment. The property produces strong monthly cash flow with minimal cost to the owner (insurance and property taxes), featuring separate hydro meters, separate owned hot water tanks and convenient on site parking. This character filled property is an excellent potential addition to any real estate portfolio. This well maintained investment property has seen several updates over the years such as updated kitchen cabinets and bathrooms. Property has two 2 bedroom 1 bath units and one 1 bedroom 1 bath unit. All units feature functional layouts, large principal rooms , high ceilings. Current rents are main floor unit $1400, upper unit $1300 and side unit $1179.Don't miss out on this excellent investment opportunity in the heart of Aylmer. Book your private showing today! (id:66096)

Property Details

MLS®: X13500080
Property Type: Multi-family
Zoning: Multi Unit Residential
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 3
Parking: 7
Interior Size: 2,250 ft²
Lot Size: 79 × 65 ft (5,151 sq ft)
Frontage: 79 ft
Storeys: 2
Basement: Partially finished, None, Separate entrance, N/A, N/A
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Property Tax: $3,394/yr
Listed: 128 days ago

Features

Appliances: Water meter, Water Heater
Foundation: Stone
Exterior: Brick, Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Area context

Neighbourhood profile (N5H)

This home lists at $449,000, about 5.4× the local median household income of $83,000.

Carrying it typically needs a household income of about $87,705 (20% down, 25-yr amortization, stress-tested) — roughly 6% above the area median.

Median household income: $83,000
Population: 15,625
Median age: 37.6
Owner / renter: 77% / 23%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA N5H)

$449,000· $200/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,450

Min 5%50%

Mortgage payment$2,365/mo

↳ CMHC premium ($17,062 capitalized)

Property tax (est.)$283/mo

Total monthly$2,648

Cash Needed to Close

Down payment (5%)$22,450

Land transfer tax$5,455

Est. closing costs$3,847

Total cash needed$31,752

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

Rental cashflow calculator

#87-89 89 Sydenham Street East, Aylmer - Multi-family for Sale

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Neighbourhood profile (N5H)

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