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.
LOOKING FOR A BRAND NEW INVESTMENT PROPERTY - This IS LIKE NEW - Brand New throughout & beautifully constructed, this 6 unit building has been taken to the studs and rebuilt creating a maintenance free, excellent long term investment property featuring 6 attractive one-bedroom apartments. Each features high end, brand new kitchens finished with lovely quarts counter tops and stainless steel appliances, refrigerator, stove & dishwasher, as well as in-unit laundry. All bathrooms are 4-piece bathrooms with quarts countertops. The upper 4 units have beuatiful rich, solid hardwood flooring throughout and the 2 lower units have attractive, robust and comfortable epoxy flooring. All units have their own heating controls via in wall heat-pumps providing both AIR-CONDITIONING as well as heating via the heat-pumps and supplemental baseboard heating. Each unit has access via the common stairwell as well as via exterior doors. Basement units have glass exterior doors for for improved natural light. TENANTS PAY: Heat and Hydro - all units have their own hydro meters. Heat is electric via heat-pumps and electric baseboard heating. LANDLORD PAYS: property taxes, insurance, water, and snow removal. This newly renovated 6-unit building is completely compliant with the city and has 6 unit occupancy. This is an ideal investment property that is virtually a brand new building, it is very easy to own and manage and was constructed with high quality material and craftmanship from top to bottom.
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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$6,659/mo
Mortgage (principal + interest)$6,169
Property taxFrom listing: $5,877/yr$490
Minimum 20% ($329,800 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. 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$329,800
Ontario land transfer taxProvincial brackets, no first-time refund$29,455
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$362,055
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Mooneys Bay - Carleton Heights and Area 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.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
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