Lakeshore to Judge to Memorial Drive Investors check out the 8% CAP rate on this vacant Legal Duplex! Pick your own tenants & set the rents in our low vacancy rate City. 959 Memorial Drive has been recently renovated and is located a block away from North Bayâs famous Lake Nipissing waterfront, parks, beaches, events, shopping, bike path and more. This vacant solid bungalow has been renovated from top to bottom â gas boiler hot water heating system, 2 HRV systems, shingles, electrical, plumbing, insulation, sliding, eaves etc... The front unit is a 3bd with 1 full bath & 1 half bath and an open concept kitchen/living area, huge master bedroom with walk out to deck and a big backyard. The back unit is a large one bedroom with full bath/laundry and open concept kitchen/living area with a separate deck overlooking the large back yard. Thereâs extra income potential to rent the attached garage or have each tenant use it for storage. Laundry hook-ups available in each unit. Parking can be set up at the front or you can drive around to the back yard. All amenities â shopping, bank, grocery store, LCBO, movie theatre, restaurants, bike path, public bus route are within walking distance. Also, a great opportunity to live in one unit and rent the other as a mortgage helper or start your rental portfolio today! Expenses: Gas $1571, water $1346, taxes $3579, insurance $2208 (tenants pay hydro) (id:27476)
