Description

Non-Conforming Duplex with 3 bedroom upper unit + Studio lower Suite. Discover an exceptional opportunity to own a beautiful single-family home ideally located just steps from scenic leisure pathways, charming cafés, and wonderful local restaurants, offering both outstanding lifestyle appeal and long-term investment potential. Currently generating $4,100 per month (with full lease on upper Unit as of April 1, 2026) in this property presents a compelling option for buyers looking to invest in real estate today while securing the flexibility to move in at a later date. Based on the listing price of $899,000 with a 20% down payment of $180,000 and a mortgage of $720,000 amortized over 25 years at an interest rate of 3.65%, estimated monthly mortgage payments would be approximately $3,663, creating positive cash flow of roughly $437 per month before expenses. This allows investors to benefit from rental income that not only supports ownership costs but also contributes toward building equity as tenants help pay down the mortgage. Ownership may also provide valuable income tax write-offs, further enhancing the investment's financial advantages. Over a five-year term, the mortgage balance could be reduced by approximately $97,000 through principal repayment alone, all while benefiting from potential property appreciation and future rental growth. This is a rare opportunity to invest in a prime location, enjoy immediate income and positive cash flow, and secure a home that can serve both as a strong financial asset and a future personal residence. (id:39198)