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  5. Powell

675 Powell Street, East Duncan Duncan

Price

$500,000

Bedrooms3 Beds

Bathrooms1 Baths

Size1100 sqft

Year Built1930

Property TypeDetached Home

Property Taxes$4,239.29

Description

Not to overuse the phrase, but here it is: ''Opportunity Knocks.'' This home will require a handy person to take on the challenge and ultimately create strong market equity. The City of Duncan's LDR (Low Density Residential) zoning allows for a potential of 4 units. The nearly double-sized lot measures 9,292 sqft, which is approximately 0.21 of an acre or 863 square meters, allowing for numerous options for high-density use. The lot is flat and situated on a quiet, no-through road, within walking distance to shopping, schools, recreation, and downtown. This is an excellent opportunity for investors, builders, or first-time buyers who are willing to take on a project and reap the benefits at the end of the day. (id:39198)

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Listed By

The listing brokerage and/or agent is Pemberton Holmes Ltd. (Dun)

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Property Dimensions


The Property Location

Mortgage Calculator

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Total Monthly Payment

$2,150 / month


Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$400,000

Total Interest Payments

$246,625

Total Payment (Principal + Interest)

$646,625


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Cashflow Calculator

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Monthly Cash Flow

$300 / month


Monthly Expenses

-$1,700

Monthly Income

$2,000


Your monthly cash flow is positive

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The listing data displayed is deemed reliable but is not guaranteed accurate by CREA®. The trademarks REALTOR®, REALTORS®; and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA®) and identify real estate professionals who are members of CREA®. Used under license. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association. Review our MLS® Data Disclosure if you have any further questions