$599,900

For sale

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25-27 Casselman Road, South Dundas - Multi-family for Sale

25-27 Casselman Road, South Dundas, Ontario, K0C1X0

4 beds2 baths4 parking lot size

14 Gibson Lane, South Dundas, Ontario, K0C1X0

2 bd2 ba6 pk900 ft²Lot size 21 × 101 ft (2,149 sq ft)

Listed by EXIT REALTY MATRIX

8 Brouse Drive East, South Dundas, Ontario, K0E1K0

For sale

37 days ago

$450K

8 Brouse Drive East, South Dundas, Ontario, K0E1K0

5 bd3 ba6 pk1,750 ft²Lot size 60 × 160 ft (9,600 sq ft)

Listed by RE/MAX HOMETOWN REALTY INC

Investment analysis

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$599,900

South Dundas

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Description

Live in one side and rent the other. This updated duplex provides you with a turn key unit to live in (Unit 25 which is shown in the photos) while the other side is already rented to a good tenant. Tenant pays for all utilites. Each unit is a 2 bedroom (upper level) with living room and kitchen on the main level. The basement provides some extra living space and houses the utilities and laundry. The east unit has central air that was installed last summer. Huge lot with potential to build a garage or simply enjoy the green space. Currently there's a garden area and a sea-can storage unit on the owner's side. West unit is currently rented to good tenant. (id:66096)

Property Details

MLS®: X13584336
Property Type: Multi-family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 4
Lot Size: 42 × 110 ft (4,637 sq ft)
Frontage: 42 ft
Storeys: 2
Basement: Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning, None
Garage: No Garage
Property Tax: $2,450/yr
Listed: 107 days ago

Rooms

Second level

Bedroom 2: 3.83 x 2.56 meters
Bathroom: 2.13 x 2.08 meters
Bedroom: 3.65 x 3.48 meters

Main level

Kitchen: 4.54 x 2.8 meters
Living room: 3.88 x 3.58 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Water meter, Stove, Dryer, Water Heater
Foundation: Block
Exterior: Vinyl siding, Brick Veneer
Lot Features: Sump Pump

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

107d

South Dundas listings, avg age

106d

List price

$600K

Homes here sell below asking price

Homes in this market sold for an average of 94.8 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (K0C)

This home lists at $599,900, about 7.1× the local median household income of $84,000.

Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 40% above the area median.

Median household income: $84,000
Population: 52,838
Median age: 48.4
Owner / renter: 82% / 18%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA K0C)

$599,900

For sale

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Full Cost Breakdown

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Down Payment5.83% · $34,990

Min 5.83%50%

Mortgage payment$3,132/mo

↳ CMHC premium ($22,596 capitalized)

Property tax (est.)$204/mo

Total monthly$3,336

Cash Needed to Close

Down payment (5.83%)$34,990

Land transfer tax$8,473

Est. closing costs$4,300

Total cash needed$47,763

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

25-27 Casselman Road, South Dundas - Multi-family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (K0C)

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Full Cost Breakdown