252 SHANNON Street, Orillia, Ontario

ID#440397 | MLS# 30776531 | Listed at $449,000.00
Real Estate - Orillia -
Judy McKechnie
Broker, Certified International Property Specialis
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Description
INVESTMENT OPPORTUNITY WITH THIS PURPOSE BUILT BRICK DUPLEX WITH EACH UNIT CONTAINING 2 BEDROOMS, LARGE OPEN LIVING SPACE, KITCHEN, 4 PIECE BATHROOM AND LAUNDRY ROOM WITH THEIR OWN WASHER AND DRYER ** THE UPPER UNIT "A" IS CURRENTLY LEASED UNTIL SEPTEMBER, 2020 AND THE LOWER UNIT "B" IS VACANT AND READY TO LEASE ON YOUR OWN TERMS OR PERHAPS OWNER OCCUPY LETTING THE INCOME HELP OUT WITH YOUR MORTGAGE ** THE INCOME FIGURES OUTLINED ARE BASED ON THE CURRENT RENTAL AND A POTENTIAL INCOME OF $1400 PER MONTH PLUS UTILITIES IN THE VACANT UNIT ** NATURAL GAS WALL HEATERS IN EACH UNIT WITH BASEBOARD BACKUP ** SHINGLES WERE REPLACED IN 2015 ** SELLER MAY CONSIDER VENDOR TAKE BACK FINANCING TO A QUALIFIED BUYER ** CONVENIENTLY LOCATED IN ORILLIA'S SOUTH END ON CITY TRANSIT ROUTE AND WALKING DISTANCE TO SCHOOLS ** LARGE PRIVATE BACKYARD WITH STORAGE SHED FOR ADDITIONAL SPACE (id:21442)
Special Features
  • Amenities Near By: Public Transit, Schools
  • Appliances Included: Dryer, Refrigerator, Stove, Washer
  • Architectural Style: Multi-Unit
  • Basement Development: Finished
  • Basement Type: Full (Finished)
  • Fireplace Present: False
  • Fire Protection: Smoke Detectors
  • Foundation Type: Poured Concrete
  • Heating Fuel: Natural gas
  • Number of Stories: 2
  • Utility Water: Municipal water
  • Equipment Type: Water Heater
  • Features: Double width or more driveway, Crushed stone driveway
  • Access Type: Highway access, Road access
  • Has Acreage: false
  • Land Amenities: Public Transit, Schools
  • Sewer: Municipal sewage system
  • Ownership Type: Freehold
  • Parking Space Total: 4
  • Rental Equipment: Water Heater
  • Zoning: R2-RESIDENTIAL
Property Type Residential
Building Style Duplex
Listing Type For Sale

Number of Bedrooms 0.0
Number of Bathrooms 0.0
Seller's Comments

The seller has not posted any comments at this time.

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Mortgage Information
Title: 5 YEARS VARIABLE
Down Payment Mortgage Rate Amortization Description Payment Min. Income Required
5.00%  -  $22,450 2.35% 25 Years 5 YEARS VARIABLE $1,938 $71,586
10.00%  -  $44,900 2.35% 25 Years 5 YEARS VARIABLE $1,822 $68,126
20.00%  -  $89,800 2.35% 30 Years 5 YEARS VARIABLE $1,392 $55,218
Title: 5 YEARS FIXED
Down Payment Mortgage Rate Amortization Description Payment Min. Income Required
5.00%  -  $22,450 2.69% 25 Years 5 YEARS FIXED $2,013 $73,845
10.00%  -  $44,900 2.69% 25 Years 5 YEARS FIXED $1,893 $70,251
20.00%  -  $89,800 2.79% 35 Years 5 YEARS FIXED $1,341 $53,694

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