6501 Highway 93, Tay, ON, L0L 1P0 - investment for sale | Listing ID S9859924

Investment For Sale In Tay, Ontario

$980,000

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6501 Highway 93, Tay, ON - Indoor Photo Showing Kitchen

6501 Highway 93, Tay, ON - Indoor Photo Showing Bathroom

6501 Highway 93, Tay, ON - Indoor With Fireplace

6501 Highway 93, Tay, ON - Indoor Photo Showing Living Room With Fireplace

6501 Highway 93, Tay, ON - Indoor Photo Showing Bedroom

6501 Highway 93, Tay, ON - Indoor Photo Showing Other Room With Fireplace

6501 Highway 93, Tay, ON - Indoor Photo Showing Basement

6501 Highway 93, Tay, ON - Indoor Photo Showing Other Room

6501 Highway 93, Tay, ON - Indoor Photo Showing Laundry Room

6501 Highway 93, Tay, ON - Outdoor With View

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6501 HIGHWAY 93, Tay, Ontario, L0L 1P0

$980,000

Property Information:

Are you looking for a way to beat the market? Interest rates are continually dropping. Unlike the majority of other properties on the market, this one actually cash flows. This is a phenomenal opportunity to own a piece of real estate with not 1,not 2, but 6 sources of income! This property features 6 residential apartment units, a generously sized lot and healthy income with room for improvement. Net income is $5,531.93 per month. Mortgage estimated at $4,253.80. That is $1,278.13 positive cash flow every month. These calculations are based on a 3.99% interest rate and a 20% down payment. As rates drop the cash flow will increase. The units are currently renting at an average of $1,130 per month, well below market value. With the opportunity to renovate as tenants vacate these units are estimated to lease out at an average of $1,650 per month. That would increase cash flow by an astounding $3,120.00 per month! In total the net cash flow would be $4,398.13. Once this process is completed, there is the opportunity to refinance based on the increased cash flow. This would allow you to potentially pull equity from this property to acquire more real estate and continue growing. Investing in real property is one of the best strategies to protect your wealth and hedge against inflation. Do not let this opportunity slip through your fingers. With rates dropping this property only becomes more and more attractive every day. This information is included for example only and is not meant to be taken as financial, legal, or tax advice.We invite you to seek the advice of your mortgage broker, accountant, lawyer, and contractor to create a plan that works best for you. Minimum of 48 hours notice before all showings. (id:27)

Building Features:

Style: Multiplex
Building Type: Other
Amenities: Separate Heating Controls
Basement Development: Unfinished
Basement Type: N/A
Exterior Finish: Stucco, Vinyl siding
Fireplace: Yes
Foundation Type: Stone
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning

Property Features:

Property Type: Multi-family
Bedrooms: 7
Bathrooms: 6
Features: Level lot, Wooded area
Irregular: Yes
Lot Depth: 187.0 Feet
Lot Frontage: 82.5 Feet
Lot Size: 82.5 x 187 FT
Utility Type: Cable - Installed
View Type: View
Zoning: Residential
No. of Parking Spaces: 12

Courtesy of: IPRO REALTY LTD.

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Location of 6501 HIGHWAY 93, Tay, Ontario, L0L 1P0

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

31 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

31 hot days expected in 2050

45/100

Moderate

ClimateCheck®

Current data

This property, 6501 HIGHWAY 93 , experiences 7 hot days per year at around 30.4 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 31 hot days at 33.9 degrees Celsius.

Projected Avg. Temperature

Past

30.4℃

2050

33.9℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

65/100

Moderate-High

ClimateCheck®

Current data

This property, 6501 HIGHWAY 93 , experiences 11 significant 2-day storms per year, with about 317.6mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 399.3mm of precipitation per year.

Precipitation Per Storm

Past

317.6mm

2050

399.3mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 6501 HIGHWAY 93, Tay, Ontario, L0L 1P0

Life Stage

Older Parents, Younger Kids

Employment Type

Mixed

Average Household Income

$111,670.90

Average Number of Children

1.80

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.45 %

High school certificate or equivalent

37.16 %

Apprenticeship trade certificate/diploma

8.06 %

College/non-university certificate

28.12 %

University certificate (below bachelor)

0.29 %

University Degree

7.92 %

Commuter

Travel To Work

By Car

92.92 %

By Public Transit

0.0 %

By Walking

0.75 %

By Bicycle

0.0 %

By Other Methods

6.33 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

2.35 %

Houses

97.65 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Location of 6501 HIGHWAY 93, Tay, Ontario, L0L 1P0

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 6501 HIGHWAY 93, Tay, Ontario, L0L 1P0

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

6501 HIGHWAY 93, Tay, Ontario, L0L 1P0

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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