Homes for sale - 6501 Highway 93 N/A, Tay, ON L0L 1P0

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Fawad Nissari

eXp Realty

fawad.nissari@exprealty.com +1(416) 878-1085

$ 980,000

Est. payment | -/mo

7 Beds

6 Baths

Save

$ 980,000

Est. payment | -/mo

Save

7 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision Waverley

MLS Listing ID S9859924

Style 1 1/2 Storey

Bedrooms 7

Building Age 100+

Annual Tax Amount $3,666

Tax Year 2023

Property Sub-Type Multiplex

Property Description

Are you looking for a way to beat the market? Interest rates are continually dropping. Unlike the majority of other properties on the market, this one actually cash flows. This is a phenomenal opportunity to own a piece of real estate with not 1,not 2, but 6 sources of income! This property features 6 residential apartment units, a generously sized lot and healthy income with room for improvement. Net income is $5,531.93 per month. Mortgage estimated at $4,253.80. That is $1,278.13 positive cash flow every month. These calculations are based on a 3.99% interest rate and a 20% down payment. As rates drop the cash flow will increase. The units are currently renting at an average of $1,130 per month, well below market value. With the opportunity to renovate as tenants vacate these units are estimated to lease out at an average of $1,650 per month. That would increase cash flow by an astounding $3,120.00 per month! In total the net cash flow would be $4,398.13. Once this process is completed, there is the opportunity to refinance based on the increased cash flow. This would allow you to potentially pull equity from this property to acquire more real estate and continue growing. Investing in real property is one of the best strategies to protect your wealth and hedge against inflation. Do not let this opportunity slip through your fingers. With rates dropping this property only becomes more and more attractive every day. This information is included for example only and is not meant to be taken as financial, legal, or tax advice.We invite you to seek the advice of your mortgage broker, accountant, lawyer, and contractor to create a plan that works best for you. Minimum of 48 hours notice before all showings.

Location

Province ON

County Simcoe

Community Waverley

Area Simcoe

Rooms

Family Room No

Basement Unfinished

Kitchen 6

Interior

Interior Features Separate Heating Controls

Cooling Central Air

Fireplace Yes

Heat Source Gas

Exterior

Parking Features Front Yard Parking, Private Double

Pool None

Roof Type Flat

Lot Frontage 82.51

Lot Depth 187.01

Total Parking Spaces 12

Building

Unit Features Wooded/Treed,Clear View,Level

Foundation Stone

Listed by IPRO REALTY LTD.

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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6501 Highway 93 N/A Tay, ON L0L 1P0