378 Mara Road
Beaverton, Brock
$1,199,000
Attention Investors!!! Welcome to this Legal 5-Plex On a Huge 0.4 Acre Lot with 7%+ CAPRate!.This Century Home Investment Offers loads of Character. Five 2-Bedroom Apartments withLegal NCStatus. Over $9,200/Mo Gross Rents making this the perfect Investment. This propertyfeatures Hardwood Floors, Lots Of Parking (Over 10 Cars), New Boiler (2022), 4/5 Units UpgradedWith New Kitchens And Updated Bathrooms (2021/2022), 6 Hydro Meters, New Thermostat for allunits, Heat Detection System and Much More!. Short Walk To Lake Simcoe And Downtown Beaverton,Beaverton Public School At Backyard Of Property, Close to Groceries Stores, and all Amenitiesmaking This The PERFECT Income Generating Asset!
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 100+ |
| Size | 3500-5000 sq. ft. |
| Property Tax | $6,982 |
| Lot Size | 88 ft x 201.58 ft |
| mls© Number | N13769470 |
| Listed By | ROYAL LEPAGE SIGNATURE REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,137
- Property tax
- $582
- Heat allowance
- $150
- Housing costs
- $6,869 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$211,000
gross annual household income
- Payment at 4%
- $5,046 / mo
- Cash down
- $239,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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