$538,888

12 Dumfries Street

Paris ON, N3L 2C6

Description

This is the investment property that you have been waiting for. A very well cared for duplex in the quiet town of Paris, Ontario. Paris was recently voted the "Prettiest Little Town in Canada" by Harrowsmith magazine. Come take a look at this property and you will see why. The duplex is very spacious with a main floor 2 bedroom apartment and also second floor 2 bedroom apartment. This is not your average income property as the interior of the apartments have modern kitchens, updated baths, newer flooring and fresh paint. Nicely renovated by the current owner and well cared for by the current tenants. There is also a large rear yard, front sitting porch, upper balcony and an oversized garage. The garage is currently used by the tenant but could easily be used by the new owner. Nothing to do at this property for the next owner except collect the rents and watch your investment appreciate over time. There is plenty of onsite parking on the freshly paved driveway. It is a shared driveway with the neighbour but still ample room for tenant parking of up to 4 or more cars. The windows in the entire property have all been replaced, the gas furnace on the main floor is only 2 years old, and the wiring is up to date with 2 - 100 amp breaker panels. Roof is in excellent condition. The lower 2 bedroom rents for $1450 and the upper rents for $1150. Thats over $31,000 per year in gross rental income. The tenants pay all the heat and hydro costs and the owner pays the water. It is gas heat in both apartments, as each apartment has their own furnace. Seperate hydro meters. Fridges and stoves are owned by the seller and stay with the purchase. Laundry in each apartment also. Total yearly Expenses are: taxes $2262, Insurance $1050, Grass and Snow $1200, Water $1260.

Details

MLS#40044717
Listing TypeFor Sale
Sub-TypeResale
StatusConditional
Days On Site8

Features

SQ Feet2,000
Units2
Building(s)1
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Area Information
ProvinceON
CountyBrant County
CityParis
Postal CodeN3L 2C6
Area2105 - Paris
Listing VS Median (in N3L 2C6)
Price:
$538,888
low | high
Med:
$538,888
50% of Average
SqFt:
2,000
low | high
Med:
2,000
50% of Average
$ / SqFt:
$269
low | high
Med:
$269
50% of Average
On Site:
8
low | high
Med:
8
100% of Average
Listing Updated: November 24, 2020 8:00:39 PM PST
Michael Hurley LogoMLS Number: 40044717
Listing Provided By:
Michael Hurley  of  Hurley Real Estate Brantford
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