22 Dollard St Russell, Ontario K0A 1W0
$849,888
Welcome To 22 Dollard, A Brilliantly Designed, Fully Legal 2-Unit Home In Embrun. The Flagship Upper Unit Is A Beautifully Renovated 3 Bedroom, 1 Bathroom Rented For $2,204/Month. The Basement Apartment Is A Newly Created 3-Bedroom, 1 Bathroom, Rented For $2,000/Month. So Much Care & Attention To Detail Has Gone Into Positioning This Property To Be Among The Premier Rental Homes In Embrun; A Town East Of Ottawa That Is Absolutely Surging In Popularity. With These Two Spectacular Units And A Rapidly Expanding Embrun Population, You'll Never Have Trouble Finding Quality Tenants And Attractive Rental Rates. At $2,204 And $2,000 Per Month, These Units Total $4,204 Monthly, Annualized To $50,448. Tenants Pay Their Own Heat And Hydro Meaning Extremely Low Owner Operating Expenses Of $5,971. That Leaves A Stunning Net Income Of $44,477. With Incredible Numbers & A Low-Maintenance Nature, This Investment Is Over A 5% Cap Rate! At 5% Annual Growth This Home Could Be Worth ~$3.7M In 30 Years. (id:32840)
Property Details
| MLS® Number | X5948488 |
| Property Type | Single Family |
| Parking Space Total | 5 |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 3 |
| Bedrooms Total | 6 |
| Architectural Style | Raised Bungalow |
| Basement Features | Apartment In Basement |
| Basement Type | N/a |
| Cooling Type | Wall Unit |
| Exterior Finish | Vinyl Siding |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 1 |
| Type | Duplex |
Parking
| Carport |
Land
| Acreage | No |
| Size Irregular | 77.9 X 195.03 Ft |
| Size Total Text | 77.9 X 195.03 Ft |
https://www.realtor.ca/real-estate/25551872/22-dollard-st-russell
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Toronto Real Estate Board
Keller Williams Realty Centres
May 05 2023 08:35:57
