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$ 319,900

3506 MCBEAN STREET, Richmond, ON, K0A 2Z0

Listing ID# 1061517
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$ 319,900

  • 3506 MCBEAN STREET
    Richmond, ON K0A 2Z0
  • Listing ID 1061517
  • Building Type: House
  • Bedrooms: 4
  • Bathrooms: 2 + 1
  • Stories: 2
  • Land Size: 0.05 ac
  • Status: For Sale/Active
  • Age of Building: 1915
  • Heating: Forced air
  • Rooms: 11
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Property Description

ATTENTION SAVVY INVESTORS! 6.4% expected capitalization rate! Approx. $600/month positive income! This home contains 2 units: a 3-bed, 1.5-bath unit (currently rented for $1500/month) and a 1-bed, 1-bath unit (currently rented for $900/month), plus utilities! This home is occupied by tenants, but you could reside in one unit and rent the other out, potentially making home ownership a reality for the first time buyer! For the more established investor, this property could add to your passive income! This property is also zoned for COMMERCIAL USE, so consider setting up a great coffee or gift shop. Great potential! Within walking distance of schools, shopping and other village amenities. Renovated in 2012, natural gas furnace & well pump in 2016, new windows & drilled well liner in 2011, new sump pump in 2015. Includes 2 fridges, 2 stoves, 2 washers, 2 dryers, 2 microwave hoods, 2 hot water tanks, a dishwasher & shed. Come see what 3506 McBean Street has to offer!



Listing courtesy of KELLER WILLIAMS SOLID ROCK REALTY


Room Detail

Level Type Dimensions Features
main level living/dining combination 18' x 11'
kitchen 10' x 10'
partial bathroom 8' x 5'
kitchen 14' x 8'6"
living room 15' x 12'
bedroom 15' x 12'3"
bathroom 8' x 5'
second level master bedroom 14' x 12'
bedroom 14' x 9'6"
bedroom 11'4" x 10'5"
4 pc bathroom 9' x 9'

Room Detail

main level
  • living/dining combination 18' x 11'

  • kitchen 10' x 10'

  • partial bathroom 8' x 5'

  • kitchen 14' x 8'6"

  • living room 15' x 12'

  • bedroom 15' x 12'3"

  • bathroom 8' x 5'

second level
  • master bedroom 14' x 12'

  • bedroom 14' x 9'6"

  • bedroom 11'4" x 10'5"

  • 4 pc bathroom 9' x 9'

Demographics

Richmond Property Overview
93%Own 7%Rent
  • Detached 1,231
  • Low-Rise 64
  • Semi-Det. 22
  • Duplex 10
$ 437 k

Average Home Price in Richmond

35 years

Average home age in Richmond

Household Size
1,200One-family 223Non-family 19Multi-family
Household size (# people)
  • 1209
  • 2487
  • 3271
  • 4-5434
  • 6+42
Household Income in Richmond
78.2%Employed 14.1%Unemployed 7.8%Self-Employed
  • White Collar 1,381
  • Blue Collar 744
$ 107 k

Average income

38 years

Average age

Education
  • Certificate, diploma, degree 26,895
  • High School 8,076
  • College 7,689
  • No Certificate 5,469
  • Apprenticeship 3,102
Marital Status in Richmond
62%Married 25%Single 12%Other
Age groups
  • 0-1926%
  • 20-2911%
  • 30-4930%
  • 50+33%

Points of interest and Comparables - Richmond

top

$476,538*

average price

-6.00%

market trend

* - average price based on 26 comparable properties in the neighbourhood
# date listed bed/bath
1 $319,900
2 5/30/2017 $269,900 3/2
3 4/1/2017 $259,900 2/1
4 4/1/2017 $259,900
5 $330,000 3/1 + 1
6 5/8/2017 $299,900 3/2
7 $335,000 2 + 1/2
8 $599,000 4/2 + 1
9 $519,900 3 + 1/3
10 $479,000 2 + 1/3
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