Map location of 6501 HIGHWAY 93, Tay (Waverley), ON L0L1P0
$980,000
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6501 Highway 93, Tay (waverley), ON L0L1P0

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7 Beds
6 Baths
3,500 Sq Ft

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:55598)

Listing By: MATTHEW METZLER - IPRO REALTY LTD.
Listing provided courtesy of Canadian Real Estate Association
  • MLS® S9859924
  • Date Listed10/28/2024
  • Days on Realty 8 Days
  • Bedrooms 7
  • Bathrooms 6 baths
  • Lot Size -
  • Subdivision Waverley
  • Property Type Other
  • Water Public
  • Square Feet 3,500 sq. ft
  • Price Per Sq. Ft $280

Interior Features

  • Cooling Central Air Conditioning
  • Heating Forced Air, Natural Gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Nearby Schools

Source: School Digger

Elmvale District High School

Public • 6 - 12

32.19 km

Distance

Sales & Tax History

Source: Public Records

Walkability in ON / L0L1P0

Source: Walkscore

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 2/100, Transit Score: 0/100, Bike Score: 15/100.

Points of interest near 6501 HIGHWAY 93, Tay (Waverley), ON L0L1P0

Waverley Service Centre, Tay, ON, Canada

Transport • Professional Retail

249 m

Distance

3.63 km

Distance

4.01 km

Distance

4.01 km

Distance

4.69 km

Distance

212 m

Distance

Waverley Service Centre, Tay, ON, Canada

Transport • Professional Retail

249 m

Distance

147 m

Distance

248 m

Distance

1.62 km

Distance

Frequently Asked Questions for 6501 HIGHWAY 93

Source: Realty.com

6501 HIGHWAY 93, Tay (Waverley), ON L0L1P0 is a Other, Residential Income property listed for $980,000 The property is 3500 sq. ft with 7 bedrooms and 6 bathrooms

Realty.com has 35 photos of 6501 HIGHWAY 93.

The full address for this home is 6501 HIGHWAY 93, Tay (Waverley), ON L0L1P0.

6501 HIGHWAY 93 has been listed on Realty.com since Mon October 28, 2024

The average walkability score in the surrounding area is Walk Score: 2/100, Transit Score: 0/100, Bike Score: 15/100.

Listing provided courtesy of: IPRO REALTY LTD. (tel: (416) 364-4776)
Listing agent: MATTHEW METZLER (tel: (416) 364-4776)

This content last refreshed on 2024-11-05 08:12:19. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 6501 HIGHWAY 93, Tay (Waverley), ON L0L1P0 : MLS® S9859924

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