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324 days on Market

69 Madoc St, Marmora and Lake, Ontario K0K 2M0

Townhouse
5
2
- sqft
$•••,•••
$524,900
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Townhouse
5
2
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$2,254/mo

Tax Amount (2024)$2,146/yr

Days On Market324 days


Description

They don't build them like they used to. This all-brick, side by side duplex located in the charming community of Marmora offers an excellent opportunity for investors. Combined rents are $3,750/month + all utilities. What makes this building even more appealing are the low property taxes, separately metered water, gas, and electricity, and the absence of rental equipment that could reduce monthly profits. Unit A ($2,100/mo) is a large 3 bed, 1 bath layout with access to the semi-detached garage. Unit B ($1,650/mo) is a 2 bed, 1 bath layout. Each unit also features: separate driveways, dedicated deck/patio areas, shared use of the large backyard, full-height basements great for storage, and in-suite main floor laundry. Significant updates were completed in 2016, including new forced air gas furnaces and 200-amp breaker panels. More recently, both units have received new flooring, fresh paint, and fixtures.


Property Details

Style2-Storey
View-
Age of property-
SqFt-
Lot Size14,560 SqFt(177.05 x 82.24)
Parking Spaces6
MLS ®NumberX8449640
Community NameMarmora and Lake
Data SourceTRREB
Listing byROYAL LEPAGE PROALLIANCE REALTY

Features

Heating: Forced Air
Cooling: Window Unit
Basement: Full, Unfinished

Features

Lot size: 14,560 SqFt

Parking

Garage spaces 1

Garage type Detached

Other parking spaces 5

Total parking spaces 6


Property listed by ROYAL LEPAGE PROALLIANCE REALTY, Brokerage
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Market Data - Marmora and Lake

Geo Zone Map ThumbnailMarmora and Lake

Strong Seller's Market

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Townhouse - for the past 30 days

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Population and Demographics

Overview

Total population 4315
Average household income $87,438

Age (%)

65 and plus
30%
50 to 64
27%
0 to 19
17%
35 to 49
13%
20 to 34
13%

Household composition (%)

Single family
62%
Single person
34%
Multi person
4%
Multi family
0%

Mother tongue (%)

English
96%
Others
3%

House tenancy (%)

Owners
79%
Renters
21%

Schools and amenities

Estimated Budget