This all-brick, side-by-side, legal, non-conforming duplex is a unique purchase for the area. It features two, self-contained units (attached only by a door in the basement) that combine to over 5000 sq ft of living space, with 4, side-by-side, private parking spaces, a private driveway, separate backyards, and split hydro meters. This duplex is situated in a central residential neighbourhood close to schools, grocery stores, restaurants, banks, and Tim Hortons. Excellent buy for a landlord to cashflow in a convenient location. Comparable semis sell in Port Perry for approximately $550,000! Here, you can buy two semis for little more than the price of one!
We are selling our assignable purchase contract.
Closing is October 16th, 2020
**While this Agreement includes tenant occupancy until June 30, 2021, it offers a 3-year, fixed, 30 AM, $298,000 Vender Take-back Mortgage at 3.25% with only principal-only payments required (at no deferred interest) until June 30, 2021. Signed N11s will be given before closing. As per our Agreement, the Buyer’s carrying costs on the VTB will be under $500 until June 30, 2021!! While we haven’t asked about cash-for-keys, the tenants are good and may be open to an earlier settlement at the Buyer’s additional and sole cost. This VTB is conditional on the Buyer being approved by the Mortgagee.**
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