Courtesy of Dave Schroder of MaxWell Polaris
PRIME INVESTMENT OPPORTUNITY!! This property is home to 5 special needs adults on AISH whose care is managed by an agency. Monthly gross income is $2875 - $713/month for taxes/insurance/maintenance = income of $2162/month. At $20% down with 30 yr Amort the monthly mortgage payment = $1293. NET MONTHLY INCOME = $869. This FULLY FINISHED 6 bedroom/3 bathroom dated home offers 2412 sq.ft above grade plus the finished basement. The open kitchen with ample counter space is next to the large dining area. This is a very low traffic street and the HUGE PIE LOT is over a 1/4 acre in size with 11,728 sq.ft. The living room is quite large and has two wide front windows and a built in china cabinet. There are 5 bedrooms up, one of which is exceptionally big. Quiet street, yet walking distance to shopping, medical and professional services, and transportation. With the very recent City of Edm changes regarding garage and garden suites, the size of this property invites additional rental revenue.