$863,888
3 DUNDAS STREET E
Beds
3
Baths
2
Sqft
—
Year
—
About this home
TURNKEY INVESTMENT PROPERTY IN DOWNTOWN ERIN. Detached 3-bed, 2 bath with Long Term Tenant, & Major Updates. Rare opportunity to own a turnkey income generating property in the heart of downtown Erin, one of Ontario's most picturesque and sought after small towns. This detached 2-storey home offers immediate rental income and a long list of big ticket upgrades already completed. Currently rented to a reliable long term tenant, the home features 3 spacious bedrooms, 2 full bathrooms, and approximately 2,500 sq ft of living space. The large lot offers space and flexibility. Step into the primary bedroom with a walk-out to a large entertainer's deck, a rare feature tenant's love. The home also includes a bright family room with fireplace, a partially finished basement and a spacious 2-car garage with super size storage. Enjoy worry-free ownership with major updates already done: New roof...New electrical...New garage doors...New furnace...On demand hot water heater. Please come see a smart, low-maintenance investment in a growing and desirable community. Start earning rental income from day one-no vacancies, no renos, no hassle! (id:65958)
- Subtype
- Single Family
- MLS#
- X12391139
- Area
- ERIN
Cash on cash
-11.72%
Cap rate
3.55%
GRM
16.6
Break-even rent
$6,101
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 19, 2026.