Welcome to 22 Dollard Street, a brilliantly designed fully legal 2-unit home in Embrun. The flagship upper unit is a renovated 3 bedroom home rented for $2,204/month. So much care and attention went into remodelling this home and it's now among the premier rental homes in Embrun. The basement unit looks even better, if you can believe it - it's a newly created 3-bedroom home rented for $2,050/month. With these two spectacular units, you'll never have trouble finding quality tenants and rental rates. At $2,204 and $2,050 per month these units total $4,254 monthly, annualized to $51,045. Tenants pay their own heat and hydro meaning extremely low expenses of $6,104. That leaves a stunning net income of $44,942. Yes, nearly 45 grand net! With these incredible numbers, low-maintenance nature of a fully renovated property with a brand new secondary unit, and the competitive asking price, this property is over a 5.25% cap rate! At 5% annual growth this home could be worth ~$3.7M in 30 years.
ESA certificate and Occupancy Permit on file.
City: Russell
Sold Comparables homes near Dollard St, Russell
Located at 22 Dollard St , this Russell house was listed for $849,888. This house's size is 77.90 x 195.03 Feet. It has 3 bedrooms and 2 bathrooms. The property includes the following rooms: . This property comes with 5 parking spots.
MLS#: X5948488 · $849,888 · 3 bedroom house in Russell