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Listed 3 months ago

1306-08 Leighland Road

Freeman, Burlington

$1,369,000

Semi-Detached |Bungalow
6 | 4 | 4
About this home

Over $8,200 Monthly Or $98,449 In Yearly Income From 4-Apartments. Two Semi-Detached Bungalows With 4-Self Contained Apartments. Fabulous And Rare Turnkey Investment Opportunity Offering 5.5% CAP Rate. Buy As An Investment, Or Own And Live In One & Benefit From The 3 Additional Rental Incomes. A Variety Of Possibilities! These Homes Offer A Total Of 6 Bedrooms. On The Main Floor Each Home Features 2-Bedrooms, Living Room, Kitchen and Full Bathrooms. Separate Entry To The Basement Apartments Each Offering 1-Bedroom, Living Room, Large Kitchen & Full Bathroom. Some Updates. Move In As Is Or Improve To Your Taste & Make It Yours. Looking For An Investment? This Is A Fabulous Opportunity With Amazing Income! 4 Kitchens, 2 Laundry Rooms, Basements With Separate Entrances. Oversized Driveways, Each With Room For 6 Cars. Perfect Location In Southwest Burlington, Short Distance To Downtown, All Major Highways, Burlington Go Station, Walking Distance To Restaurants And Many Other Amenities, Including Shopping, Schools, Parks. Great Tenants Can Stay Or Vacant Possession. Opportunity Awaits!

Extras

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Got questions?

Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeSemi-Detached
StyleBungalow
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$3,606
Lot Size75 ft x 100 ft
mls© NumberW13034232
Listed ByRE/MAX REALTY SPECIALISTS INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$7,007
Property tax
$301
Heat allowance
$150
Housing costs
$7,458 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $273,800
25-yr amortization

Income needed

$229,000

gross annual household income

Payment at 4%
$5,761 / mo
Cash down
$273,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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