465 Ville Marie Drive photo 11 / 24

MLS #1299237

465 Ville Marie Drive

Marystown

$289,900

6 Beds
3 Baths
2,730 sqft
Two-Apartment Home
Source Listing

Property Details

Rare waterfront investment opportunity with stunning ocean views and proven income already in place. Whether you’re looking to expand your investment portfolio or take your first step into homeownership, this versatile 3-unit property offers exceptional flexibility and earning potential. Currently generating $2,800 per month (plus utilities), the property features three self-contained units, each offering 2 bedrooms, 1 bathroom, in-unit laundry, and a bright open-concept layout. Extensively renovated in 2018, the property shows like new with updated electrical, PEX plumbing, baseboard heaters and thermostats, along with updated kitchens, bathrooms, and flooring throughout. These improvements provide peace of mind and help minimize future maintenance costs. Waterfront multi-unit properties with established rental income are a rare find. Live in one unit while the others help offset your mortgage, or maximize the investment potential by continuing to operate all three units. With breathtaking ocean views, strong income, and extensive upgrades already completed, this is an opportunity you won’t want to miss. Book your private viewing today! (id:66441)

Cost To Own

Down payment and monthly ownership estimate

Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.

Purchase Price$289,900
Down Payment - 5%$14,495
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$2,355

Mortgage Payment
$1,650
Property Tax
$205
Insurance
$150
Utilities
$350
Down Payment
$14,495
Loan Amount
$275,405
Total Interest
$219,702

Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.

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