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$ 599,900
Est. payment | /mo
4 Beds
4 Baths
$ 599,900
Est. payment | /mo
4 Beds
4 Baths
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Grove East
MLS Listing ID S13433222
Style 2-Storey
Bedrooms 4
Annual Tax Amount $5,308
Tax Year 2025
Property Sub-Type Detached
Property Description
Great investment opportunity with this legal rooming house. This spacious 2,200 sq. ft. home features six bedrooms and is currently occupied by five tenants, with one room vacant, offering immediate income growth potential. Current rental income totals $3,006 per month. The property includes a two-car garage, a fully fenced backyard, and a finished basement of approximately 900 sq. ft., providing additional usable living space. The original living room and family room have been converted into bedrooms to maximize rental potential, while the original dining room now serves as a shared living area. Tenants also enjoy access to a shared eat-in kitchen. Operating costs are reasonable, with 2025 utility expenses totaling approximately $1,600 for hydro, $1,532 for gas, and $2,330 for water. This well-maintained legal rooming house offers strong cash-flow potential and is an excellent opportunity for investors seeking a turnkey income property with room for increased revenue through full occupancy.
Location
Province ON
County Simcoe
Area Simcoe
Rooms
Family Room Yes
Basement Full, Finished
Kitchen 1
Interior
Interior Features Floor Drain
Cooling None
Fireplaces Type Natural Gas
Fireplace Yes
Heat Source Gas
Exterior
Parking Features Private Double
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Topography Dry,Flat
Lot Frontage 39.37
Lot Depth 120.41
Total Parking Spaces 6
Building
Building Age 31-50
Unit Features Greenbelt/Conservation,Park,Public Transit,School
Foundation Poured Concrete
Others
ParcelsYN No
Listed by RE/MAX REALTRON REALTY INC.
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