112 Penmeadows Close SE

About this property

Fantastic Income Property! Generate approximately $3,500 per month in rental income as an investor, or take advantage of an excellent opportunity for first-time buyers. The lower legal suite is currently vacant, allowing you to move in while collecting $1,700/month from the main floor plus $600/month from the heated garage rental to help offset your mortgage. The main floor features a spacious living room, dining area, large kitchen, three good-sized bedrooms, and a 4-piece bathroom. The bright lower legal suite offers its own kitchen, large living room, two good-sized bedrooms, and a 4-piece bathroom. Shared laundry is conveniently located in lower level. Outside you'll find a mechanics dream insulated heated 28 x 28 garage/shop with 9' door, a large backyard with plenty of room to enjoy, a deck, and additional parking. Numerous updates include a furnace (approximately 12 years old), hot water tank (approximately 4 years old), basement windows (approximately 2 years old), and the main living room window. Located on a quiet street close to green spaces, shopping, schools, public transit, and all amenities, this is a versatile property offering strong cash flow, mortgage assistance, or an ideal investment opportunity. Click on link to view 3D walk through.