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Key Facts
Key facts for 204 Owen Sound Street
Property Type
House, 2-Storey
Parking
Detached 1 garage, 2 parking
MLS #
X6802502
Size
2000-2500 sqft
Basement
Full
Listed on
2023-09-08
Lot size
28 x 155.73
Tax
$3,700 /yr
Days on Market
611
Approximate Age
100+
Maintenance Fee
-
Description
Investing in a semidetached Victorian legal duplex can indeed be a smart way to start building wealth through real estate.
Rental Income: With a duplex, you can generate rental income from both units, which can help cover your mortgage payments and potentially generate positive cash flow. Having a ...two-bedroom and a one-bedroom apartment allows you to appeal to a wider range of tenants.
Equity Buildup: As your tenants pay rent, you're not only covering your mortgage but also building equity in the property. Over time, this can lead to substantial wealth accumulation.
Tax Benefits: Real estate investment comes with several tax advantage. Consult with a tax professional to maximize these benefits.
Property Appreciation: Historically, real estate properties tend to appreciate in value over time. Victorian homes, in particular, can be attractive to buyers, potentially increasing the long-term value of your investment. **** Extras **** Updates: Upper level bdrm flooring, bathroom renovated., freshly painted. Main Level: bath tur surround '18, freshly painted, throughout. Exterior: downspouts '21, roof repairs '19, and '20, Separate Hydro Meters. Tenants Pay Hydro.
