Description
521/523 George Street – Turnkey Investment Opportunity This side-by-side duplex is a cash-flowing investment property with solid upgrades and strong rental income. Each unit offers 3 spacious bedrooms and 1 bathroom, making it ideal for families or long-term tenants. Key Financials: Monthly Rental Income: $2,646 Property Taxes: $185/month Insurance: $195/month Water: $100/month Utilities: Paid by tenants (electricity and heating oil) With tenants covering major utilities and minimal operating expenses, this property boasts a 12% cap rate — well above the local market average of 7%, as reported by the owner. Property Features: Separate power and water meters for each unit Two new furnaces installed within the last two years Two new hot water tanks (also within two years) Appliances included: Fridge and stove in each unit This is a turnkey investment with updated systems and reliable income. Whether you're a seasoned investor or looking to enter the market, 521/523 George Street offers excellent returns with room to grow.
Listing Details
521/523 George Street, New Waterford, B1H 4E2
SOLD
202517460
n/a
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113
15467699
Municipal
Municipal
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Building Specifications
Block,Concrete,Perimeter Wall
Asphalt Shingle
Wood Siding
Carpet,Laminate,Vinyl
