$199,900
1440 A,B MOUNTAIN GROVE ROAD
Beds
3
Baths
2
Sqft
—
Year
—
About this home
Legal duplex offering a solid opportunity for buyers with an investor mindset. This property is being sold in "as is, where is" condition and is currently tenanted with long-standing occupants in place. The building offers two self-contained units and presents an opportunity for those looking to enter or expand their investment portfolio. While the property would benefit from updates and improvements over time, it provides a foundation with existing rental income and future upside potential. Buyers should be prepared to assume current tenancies. Ideal for investors who recognize value beyond presentation and are willing to take on a project with long-term potential.. (id:65958)
- Subtype
- Multi-family
- Architectural style
- Raised bungalow
- MLS#
- X13005720
- Area
- FRONTENAC_(FRONTENAC_CENTRE)
Cash on cash
26.34%
Cap rate
11.16%
GRM
6.9
Break-even rent
$1,476
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 16, 2026.