Home » Commentary » Pick of the week!

Pick of the week!

So here’s our pick of the week:

Property is located in Newmarket, ON and is perfect for an investor. The property is currently listed for $265,000 and has a LEGAL basement apartment.

Here is the math:

Purchase price: $265,000
Down payment: $53,000

Monthly Payment: $1,203.71
Property Taxes: $ 213.29

You can rent the property out for:

Basement: $700 (1 Bedroom can be rented for more. This is a conservative estimate)
Upstairs: $1,100 (3 bedroom with a very private back yard could be rented for more)

There is positive cash flow in this property.

For further details or to schedule an appointment, please feel free to contact us directly.

The contributing factor,

Addy Saeed
Real Estate Sales Representative
Re/max Active Realty Inc., Brokerage
Direct: 1-877-HEY-ADDY (439-2339)
Website: www.HeyAddy.com

Check Also

Happy Holidays from our family to yours

I wanted to take a quick moment and wish you all happy holidays and the …

Say something here