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Giancarlo Morales

[email protected] +1(416) 882-8048

$ 795,000

Est. payment -/mo

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22 Dollard ST Russell, ON K0A 1W0

6 Beds

2 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision 602 - Embrun

MLS Listing ID X12146215

Style Bungalow-Raised

Bedrooms 6

Annual Tax Amount $3,570

Tax Year 2024

Property Sub-Type Duplex

Lot Depth 195.03

Lot Front 77.9

Property Description

Discover this impeccably designed legal duplex in Embrun offering exceptional value and strong rental income. The upper-level flagship unit is a beautifully renovated 3-bedroom home. Thoughtfully updated with care and attention to detail, this unit stands out as one of the premier rentals in Embrun. The newly constructed lower-level apartment is equally impressive -- a bright and modern 3-bedroom unit. Together, both units are rented (no vacancy) to generate a robust monthly income of $4,200, translating to over $50,000 annually. Heat/Hydro is separately metered so as the new property owner, you pay only water. The extra-large 1/3rd acre property lends well to future development -- extensions, outbuildings, carriage homes, and more! This is an excellent land parcel to take advantage of the More Homes Built Faster Act, 2022 (also known as Bill 23) as part of Ontarios goal of building 1.5-million new homes in under 10 years. Annual Income $50,415. Annual Expenses: Water $1,550, Insurance $1,673, Tax $3,570 = Total $6,793. Net Income $43,622. Cash flow before finance $3,635 per month. On reasonable financing terms the monthly cashflow is $800+ per month. This investment opportunity is hard to beat. If long-term growth is 4-5% per year, this duplex could be worth $1.43-1.65 million in 15 years, and $2.58-3.44 million in 30 years when paid in full. Cashflow in the interim should greatly exceed $500,000. This equates to a potential return of $3-4 million from todays $159-238k downpayment. Consider adding 22 Dollard Street in Embrun as a flagship property and long-term staple to your portfolio. Note: Financials discussed in the video are outdated; please refer the the updated numbers listed here. Photos taken prior to current tenancies.

Location

Province ON

County Prescott And Russell

Community 602 - Embrun

Area Prescott And Russell

Rooms

Family Room Yes

Basement Apartment

Kitchen 2

Separate Den/Office 3

Interior

Interior Features Storage, Accessory Apartment, Carpet Free, Separate Hydro Meter

Cooling Wall Unit(s)

Fireplace No

Heat Source Electric

Exterior

Parking Features Private

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 77.9

Lot Depth 195.03

Total Parking Spaces 6

Building

Foundation Block

Others

Virtual Tour https://www.youtube.com/watch?v=eWy3zxVZV5k

Listed by KELLER WILLIAMS INTEGRITY REALTY

Giancarlo Morales

Sales Representative | License ID: 9560751

+1(416) 882-8048

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Toronto ON

Giancarlo Morales

22 Dollard ST Russell, ON K0A 1W0

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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22 Dollard ST