137 Glamorgan Drive, Kanata, ON K2L 1R7

5.92% CAP RATE (not incl updates and mgmt costs) TWO-UNITS… Semi-detached House with In-Law Suite / Apartment – Turn key in KANATA! This is a semi-detached high-ranch style property with UP and DOWN units, with separate entrances and is easy to rent. Current Gross income is $43,020/year and Operating expenses (not incl Maint and mgmt) are low at $13,196 = $29,824 NOI. Great opportunity to also live in one unit and rent the other… pay off a HUGE portion of your mortgage. There is NO CARPET in each of the units. TOP FLOOR UNIT has UPGRADES of KITCHEN with granite countertops, BATHROOM and more. BASEMENT UNIT has an upgraded bathroom. BOTH UNITS are heated by a forced air gas furnace and cooled with a Central AC unit. Both units share a common laundry room. Parking for 4 cars – side by side – so each tenant has their private laneway. A great way to own a FREEHOLD PROPERTY… the rental income helps tremendously. Call now to know more. Make it your retirement invest and a home, all in one!

Details

MLS® Number
X11951519

Bedrooms
3

Bathroom
1

Property Size
2000 Sqft