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582 GARAFRAXA STREET S, West Grey — listed at $424,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
Best Chance For Investor Or First Time Buyer To Own This Renovated House. Three Units. Each Unit Has Its Own Entrance, Kitchen And Full Bathroom. Very Good Rental Income. Highway Location. Easy To Change For Commercial Zoning. Across from ESSO Gas Station And Shops. Keep The Property For Rental Income Or Change Zoning For Future Development. Potential Rental Income: $ 3,300 ($1,600 Main + $900 Basement + $800 Second Floor). Approximate Expenses: Insurance $1,400/Year, Water $495/3 Months, Gas $100/Month, Electricity $90/Month (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Basement | 4.04 x 2.44 meters |
| Bedroom | Main level | 3.36 x 3.36 meters |
| Recreational, Games room | Basement | 18.04 x 2.28 meters |
| Kitchen | Basement | 3.2 x 2.6 meters |
| Bathroom | Second level | 2.13 x 1.52 meters |
| Bedroom | Second level | 2.28 x 2.28 meters |
| Bathroom | Basement | 2.19 x 1.3 meters |
| Living room | Main level | 4.04 x 3.28 meters |
| Kitchen | Main level | 3.2 x 3.2 meters |
| Bathroom | Main level | 2.13 x 1.52 meters |
| Bedroom | Main level | 3.43 x 2.75 meters |
| Kitchen | Second level | 4.42 x 2.74 meters |
| Living room | Second level | 4.27 x 3.05 meters |
Does it have a basement, and is it finished?+
The listing describes the basement as: Full, Apartment in basement, Separate entrance, N/A, N/A. Confirm the finishing status during a showing — it affects both livable space and resale value.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $1,980, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
What's the parking situation?+
This property includes 2 spaces — No Garage.
Could this work as an investment property?+
The basement description mentions: Full, Apartment in basement, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in West Grey before counting on it.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
Is this a good starter home?+
At $424,900, this is priced in starter-home territory for West Grey. With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
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