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Investing in a semidetached Victorian legal duplex can indeed be a smart way to start building wealth through real estate. Rental Income: With a duplex, you can generate rental income from both units, which can help cover your mortgage payments and potentially generate positive cash flow. Having a two-bedroom and a one-bedroom apartment allows you to appeal to a wider range of tenants. Equity Buildup: As your tenants pay rent, you're not only covering your mortgage but also building equity in the property. Over time, this can lead to substantial wealth accumulation. Tax Benefits: Real estate investment comes with several tax advantage. Consult with a tax professional to maximize these benefits. Property Appreciation: Historically, real estate properties tend to appreciate in value over time. Victorian homes, in particular, can be attractive to buyers, potentially increasing the long-term value of your investment.**** EXTRAS **** Updates: Upper level bdrm flooring, bathroom renovated., freshly painted. Main Level: bath tur surround '18, freshly painted, throughout. Exterior: downspouts '21, roof repairs '19, and '20, Separate Hydro Meters. Tenants Pay Hydro. (id:52947)
| MLS® Number | X6802502 |
| Property Type | Single Family |
| Community Name | Shelburne |
| Amenities Near By | Place Of Worship, Schools |
| Features | Lane |
| Parking Space Total | 2 |
| Bathroom Total | 2 |
| Bedrooms Above Ground | 2 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 3 |
| Basement Type | Full |
| Construction Style Attachment | Semi-detached |
| Exterior Finish | Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | House |
| Detached Garage |
| Acreage | No |
| Land Amenities | Place Of Worship, Schools |
| Size Irregular | 28.22 X 155.73 Ft ; Aprd |
| Size Total Text | 28.22 X 155.73 Ft ; Aprd |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Kitchen | 3.88 m | 2.91 m | 3.88 m x 2.91 m |
| Second Level | Bedroom | 2.93 m | 2.73 m | 2.93 m x 2.73 m |
| Second Level | Living Room | 2.78 m | 5.21 m | 2.78 m x 5.21 m |
| Third Level | Loft | Measurements not available | ||
| Basement | Utility Room | Measurements not available | ||
| Main Level | Kitchen | 3.75 m | 3.95 m | 3.75 m x 3.95 m |
| Main Level | Living Room | 3.91 m | 3.45 m | 3.91 m x 3.45 m |
| Main Level | Bedroom | 3.02 m | 3.39 m | 3.02 m x 3.39 m |
| Main Level | Bedroom 2 | 3.33 m | 3.28 m | 3.33 m x 3.28 m |
| Sewer | Installed |
| Natural Gas | Installed |
| Electricity | Installed |
| Cable | Installed |
https://www.realtor.ca/real-estate/26034515/204-owen-sound-st-shelburne-shelburne
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