Mike Eaton has just listed 1 Cottage Street in Ingersoll. Offered for sale at $425,000.
A great investment for your portfolio! This stunning brick home has been impeccably maintained and updated by the current owners over the last several years and is being operated as a legal and conforming duplex with a gross income of 26,100 and expenses of 4,897 (including Heat(Gas), Water and rental equipment). The 2 units are separately metered and the tenants pay their own hydro. This profitable unit offers a desirable location and has always been easy to rent to stable long-term tenants. Extensive investments into the property have been made over the last several years including; roof, attic insulation, eaves, soffits, basement walls spray foamed, renovated main floor bathroom, furnace, electrical and plumbing all brought up to date new cabinetry in both kitchens and bathrooms, new granite or marble countertops, and a new waterline from the street to the house has also been installed, and extensive hardscaping and landscaping has been completed. This solid property will be a great addition to an investment portfolio, or with all the major maintenance investments that have been completed it also offers a great opportunity for a first time landlord to get into the investment game with less risk exposure.