Investing in a semidetached Victorian legal duplex can indeed be a smart way to start building wealth through real estate. Rental Income: With a duplex, you can generate rental income from both units, which can help cover your mortgage payments and potentially generate positive cash flow. Having a two-bedroom and a one-bedroom apartment allows you to appeal to a wider range of tenants. Equity Buildup: As your tenants pay rent, you're not only covering your mortgage but also building equity in the property. Over time, this can lead to substantial wealth accumulation. Tax Benefits: Real estate investment comes with several tax advantage. Consult with a tax professional to maximize these benefits. Property Appreciation: Historically, real estate properties tend to appreciate in value over time. Victorian homes, in particular, can be attractive to buyers, potentially increasing the long-term value of your investment.
Updates: Upper level bdrm flooring, bathroom renovated., freshly painted. Main Level: bath tur surround '18, freshly painted, throughout. Exterior: downspouts '21, roof repairs '19, and '20, Separate Hydro Meters. Tenants Pay Hydro.
City: Shelburne
Neighborhood: Shelburne
Located at 204 Owen Sound St , this Shelburne house was listed for $525,000. This house's size is 2000-2500 Sqft. It has 2 bedrooms and 2 bathrooms. The property includes the following rooms: Kitchen, Living, Br, 2nd Br, Kitchen, Br, Living, Loft, Utility. This property comes with 2 parking spots. 204 Owen Sound St, Shelburne is situated in the Shelburne neighbourhood.
MLS#: X6802502 · $525,000 · 2 bedroom house in Shelburne, Shelburne