The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Excellent investment opportunity in Kapuskasing, conveniently located in proximity to schools, the college, restaurants, and downtown amenities. Offering a total of 2,350 sq. ft., this multi-unit property features three separate units, with two units in the main front building and a third unit in a separate back building. The main building is 1,456 sq. ft. and has 2 units. Unit 1 on main floor and basement has 3 bedrooms and 1.5 bathrooms. Unit 2 on second floor has 2 bedrooms and 1 bathroom. The separate building is 894 sq. ft. and has Unit 3 with 1 bedroom and 1 bathroom. Each unit has its own private entrance, in-unit laundry hookups, separate hydro meters, and dedicated parking with an electrical plug-in for vehicles. Each unit is equipped with its own gas furnace. The property has one shared gas meter serving all three units and two owned hot water tanks. Recent exterior updates include both buildings' roofing completed in 2022, and front building's eavestroughs replaced in 2022. Unit 2 has also been modernized since the current owner. Outside, the property offers an asphalt and gravel driveway, parking for each unit, and a 14' x 10' shed at the rear for additional storage. With three separate units, individual entrances, and separate hydro meters, this property presents an excellent opportunity for investors looking to expand their portfolio in a convenient Kapuskasing location.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$1,136/mo
Mortgage (principal + interest)$932
Property taxFrom listing: $2,452/yr$204
Minimum $12,450 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$49,800
Ontario land transfer taxProvincial brackets, no first-time refund$2,215
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$54,815
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Kapuskasing has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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