Estates in Canada, local and safe classifieds market in Canada.

Cashflwg duplex 4 sale, Terrace, $125K /side or $227K for both! in Thornhill, British Columbia

Cashflowing Stratified duplex in TERRACE, BC- Side by side, corner lot!
Whole building, or individual units.
The asking price for the full duplex $227000
or 1/2 duplex $125000
The ppty is listed on the MLS, but owners willing to negociate directly, AND WILL CONSIDER VENDOR FINANCING.
ABOUT THE LOCATION:
Terrace is the strategic hub of Northwestern BC, benefitting from all the job stability brought by the regional airport, regional hospital, regional railway shunting yards, as well as many mining, oil and gas, and other big projects in the region, such as the mutli-billion $ upgrade of the Kitimat Alcan plant and hydro-electric plant, and the container port expansion in Prince Rupert!
This means vacancy rates have been stable at very low levels for a long time, and quality tenants moving to the area for work, increasing rental demand and rents.
Current gross income is $1496/mo + utils.
INVESTORS, the numbers work on this building:
one side currently rented out at $716 + utils
other side currently rented at $780 + utils (new 1 yr lease)
One unit has ASSUMABLE FIXED RATE 77K MTG @ 3.79% with 4yrs remaining on the term (maturing on May 1 2015)!!
MORTGAGE PAYMENTS ONLY 168.73 bi-weekly!
These units have a terrific, spacious floor plan (- 1931 sqft per side!), with original beautiful hardwood floors throughout top 2 floors.
These 2 storey plus basement, 3 bedroom units are wonderful with the kitchen and living room on the main level and the bedrooms and bath up offer the possibility of finishing the basement, as it is full-height.
The units are easily rented as is and located in a desirable area of Thornhill, just 5 min from downtown Terrace.
They've been well maintained with many recent updates and brought up to code for sewer and fire safety.
The bldg also has also had a trussed metal roof installed, which is synonymous with no maintenance for probably at least another 15-20 yrs! (think Whistler homes!)
Each side has a total of 1931 sqft, 2 floors + full height basement -
3 bedrooms + 1 bathroom = top floor
Kitchen + Living room+ dining room = main floor
Full basement + laundry area
Carport garage and fenced yard all around
See more pics at:
https://picasaweb.google.com/brise22/HemlockJul2010?authkey=Gv1sRgCOHCjeTWhMHhMg#
Hemlock St at Hawthorne Ave
Location: 2145, 2147 Hemlock St, Terrace, BC
it's NOT ok to contact this poster with services or other commercial interests

$227,000
Seller:
Type: Houses for sale
Province: British Columbia 
City: Thornhill 
Category: Houses for sale
Houses for sale in British Columbia
This ad is older than 2 months.
View similar ads: Houses for sale, Houses for sale in British Columbia