50 Melrose Ave - Fantastic Location near Civic Hospital. Live-in or Invest!

4 Bed / 2 Bath / $599,000

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LOCATION LOCATION LOCATION!!! Fantastic income opportunity to own or rent a duplex in beautiful downtown Hintonburg close to Civic Hospital, 417, Wellington St and much more. With 9'4" ceilings the lower unit has 2 bed, 1 bath, family room, kitchen with large eat in area, door leading to large mudroom and side yard with deck and cozy backyard. Lower basement level with laundry and storage. Upper has 8'5" ceilings, 2 bed, eat in kitchen, storage room, balcony and huge bright upper loft with additional space for storage or office. Currently rented at $1,300 & 1,350, bringing in $31,000 annually from fantastic tenants who wish to stay. Rent includes utilities: (2016) Hydro $1,900 $Water $740 Gas $1,131, Taxes $4,762 Water Heater Rental $240. Furnace & A/C replaced a few years ago. updated windows, lifetime ceramic shingles. Furnace is rent to own which shall be paid out before closing. Laneway with parking for 2 cars. No offers until after the open house May 21 6:00pm.

Property Details

Property Type 2 Storey/Duplex
Property Style Detached
Square Feet N/A
Property Tax $4762
Posession Date TBA
Maintenance TBD
Basement Full, Unfinished
Major Intersection Prince of Wales Dr
Garage Size N/A
Exterior Brick, Wood
Approximate Age 1918 app.
Parking Spaces Surfaced, Parking for 2 Vehicles
Lot Size / Acreage 33.01 x 81.50

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