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102 River Street, Rural Scugog

Price

$850,000

Bedrooms7 Beds

Bathrooms3 Baths

Size3000-3500 sqft

Year BuiltNot listed

Property TypeHouse

Property Taxes$5795.73

Maintenance FeesNot listed

Description

Income property with three self-contained apartments: one 3-bedroom unit and two 2-bedroom units. The main floor apartment, formerly an ice cream parlour, boasts 12 foot ceilings, original hardwood flooring, and a full renovation while maintaining its character. A second main floor unit offers a cozy 2 bedroom layout. The upper level apartment features three bedrooms and access to a fenced-in yard. Each unit has its own laundry, furnace, and hot water tank. The property includes three separate hydro meters, two parking spaces per unit, and an attached garage designated as commercial space (currently unused). Recent updates include furnaces, electrical, plumbing, windows, roof shingles, air conditioning, and hot water tanks. A++ tenants in place, however main floor tenants are likely to be moving soon due to job relocation. Conveniently located just 10 minutes from Port Perry. One of the renters acts as property manager for reduced rent. Total rent $4770 per month, tenants pay their own utilities.

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The Property Location

Mortgage Calculator

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Total Monthly Payment

$3,537 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$680,000

Total Interest Payments

$419,262

Total Payment (Principal + Interest)

$1,099,262

Determine Your Profits After Selling Your Home

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Estimated Net Proceeds

$68,000

Realtor Fees

$25,000

Total Selling Costs

$32,000

Sale Price

$500,000

Mortgage Balance

$400,000

Meet Jess Whitehead

Meet Jess Whitehead

A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken has a passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.

Let's Find Your Dream Home Together