36 Pearl Avenue, Leamington

Bedrooms: 6
Bathrooms: 2
Living area: 1049 sqft
Type: Residential
Added: 3 days ago
Updated: 2 days ago
Last Checked: 20 hours ago

Turnkey cash flow positive investment property OR the perfect family home with a basement apartment for additional income. Currently rented by the room (4 of 6 rooms tenanted); (UPPER) room #1: $1,000/mo, room #2: $800/mo(vacant), room #3: $800/mo (vacant), room #4: $800/mo; (LOWER) room #5: $1,000/mo, room #6: $800/mo. Shared kitchen and bath on UPPER level & 2nd shared kitchen & bath on LOWER level. Total gross rent once fully leased: $5,200/month. Landlord pays all utilities. Nearly $2,000/mo potential net cash flow after all expenses including debt service. Tenants willing to stay or vacate if buyer is end user. Basement fully renovated approximately 1 year ago. Clean and extraordinarily well maintained property. Outstanding location, family-friendly neighbourhood.

Show More Details and Features

Property DetailsKey information about 36 Pearl Avenue

Cooling: Central air conditioning
Heating: Forced air, Natural gas
Stories: 1
Structure Type: House
Exterior Features: Brick
Architectural Style: Raised bungalow

Interior FeaturesDiscover the interior design and amenities

Basement: Apartment in basement, Separate entrance, N/A
Bedrooms Total: 6

Exterior & Lot FeaturesLearn about the exterior and lot specifics of 36 Pearl Avenue

Water Source: Municipal water
Parking Total: 4
Parking Features: Attached Garage
Lot Size Dimensions: 60 x 125 FT

Location & CommunityUnderstand the neighborhood and community

Directions: Talbot St & Fuller Ave
Common Interest: Freehold
Community Features: School Bus

Utilities & SystemsReview utilities and system installations

Sewer: Sanitary sewer

Tax & Legal InformationGet tax and legal details applicable to 36 Pearl Avenue

Tax Annual Amount: 3443.06

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Nearby Listings Stat

Active listings

Min Price

$299,900

Max Price

$799,000

Avg Price

$496,637

Days on Market

52 days

Sold listings

Min Sold Price

$299,900

Max Sold Price

$2,999,000

Avg Sold Price

$785,900

Days until Sold

65 days

Additional Information about 36 Pearl Avenue

This House at 36 Pearl Avenue Leamington, ON with MLS Number x10426438 which includes 6 beds, 2 baths and approximately 1049 sq.ft. of living area listed on Leamington market by ANTHONY SPANO - ROYAL LEPAGE YOUR COMMUNITY REALTY at $549,900 3 days ago.

We have found 6 Houses that closely match the specifications of the property located at 36 Pearl Avenue with distances ranging from 2 to 10 kilometers away. The prices for these similar properties vary between 499,900 and 748,000.

The current price of the property is $549,900, and the mortgage rate being used for the calculation is 4.44%, which is a rate offered by Ratehub.ca. Assuming a mortgage with a 15% down payment, the total amount borrowed would be $467,415. This would result in a monthly mortgage payment of $2,571 over a 25-year amortization period.