204 Belmont Ave

A short walk from Ottawa Street, 204 Belmont Avenue is a legal duplex in Crown Point, renovated top to bottom four years ago and set up so the two units run independently. Upstairs, the 3-bedroom, 1.5-bath unit rents for $2,145 a month plus utilities. Downstairs, the 1-bedroom unit with a separate office and its own bathroom rents for $1,350 plus utilities. That is $41,940 a year in gross rent. The finish level carries through both units: quartz counters in both kitchens, premium vinyl flooring and updated bathrooms. Separate hydro meters keep electricity with each unit, and split HVAC means neither tenant sets the temperature for the other. The home offers 1,200 sq. ft. above grade plus 515 sq. ft. on the lower level. Two parking spaces sit at the rear of the house which is a real advantage for a two-unit property in the lower city. Gage Park, The Centre on Barton and Hamilton transit are also nearby, with quick access to the Red Hill Valley Parkway and the QEW. Hold it as a finished rental with both leases in place, or live in one unit and let the other help carry the mortgage. A full pro forma is available on request.