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$294,000
Greenstone
108 First NE Avenue, Greenstone (Geraldton), Ontario, P0T1M0
This multi-family property in Greenstone is for sale. It has been on the market 103 days, fresher than the Greenstone average of 131 days.
New Listing. Unlock the potential for steady rental income and long-term growth with this well-maintained duplex in the thriving community of Geraldton. Perfectly suited for savvy investors or homeowners seeking to offset their mortgage, this property offers the ideal blend of financial return and comfortable living. This spacious two-storey property features two self-contained units. The upper unit offers 3 bedrooms and 1 full bathroom, while the lower unit features 3 bedrooms and 1.5 bathrooms. Each unit has its own private entrance, separate laundry facilities, and separate hydro meter, providing added convenience and independence for tenants. Fresh updates throughout both units make this property move-in ready while still offering plenty of potential to add value over time. Whether you?re looking to expand your investment portfolio or live in one unit while generating income from the other, this property offers flexibility and long-term appeal. With strong rental potential and endless possibilities, this duplex is an opportunity you won?t want to miss in the heart of Geraldton. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 103 days on market, against an average age of 131 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 95 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 87.9 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This multi-family in Greenstone (Geraldton) has been listed for 103 days, which is 28 days fresher than the city average of 131. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $294,000, about 3.8× the local median household income of $77,000.
Carrying it typically needs a household income of about $57,428 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA P0T)
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Loading rates, 30-yr amortization
Cash Needed to Close
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