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$309,900
Espanola
Espanola, Ontario, P5E1K5
This multi-family property in Espanola is for sale offering roughly 1,300 sq ft of space. It has been on the market 5 days, fresher than the Espanola average of 60 days.
Your first home. Your first investment. Maybe both. This turnkey side-by-side duplex in the heart of Espanola gives you the option to move into the vacant unit and put rent from the other toward your mortgage, or rent both sides and build your portfolio. Each unit offers two bedrooms, bright, clean living spaces and a full unfinished basement. Separate natural gas and hydro meters allow tenants to pay their own utilities. One side currently rents for $1,000 per month plus utilities, while the vacant side offers the opportunity to set market rent. The nearly double-sized lot provides tons of parking and room to explore adding a detached suite for even more income potential. With new shingles and amenities within walking distance, this is a chance to get into the market with room to grow. (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 5 days on market, against an average age of 60 days across the listings currently for sale in this city
This multi-family in Espanola has been listed for 5 days, which is 55 days fresher than the city average of 60. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $309,900, about 3.9× the local median household income of $78,500.
Carrying it typically needs a household income of about $60,534 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA P5E)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
