Prime Edmonton Real Estate - One of my latest Edmonton homes for sale at 4625 - 117 Ave comes with a legal basement suite - which is something that is becoming a much more popular choice for many home owners. Why? Because it is a great mortgage helper.
Let's do the math - A mortgage on a home like this is usually about $2000/month including mortgage principal, interest, and taxes. This basement suite was last rented for $1200/month - leaving home owners with only a $800 mortgage payment each month for an upgraded 3 bedroom home with a yard and a double garage. The really cool thing that I like about this property is that not only is there a double garage for the home owner, but a single garage as well for the tenant and/or for someone to rent out. This is another potential source of income, or at the very least, a very marketable aspect to present to potential tenants.
There has been a lot of updating and upgrading to the home, the main floor bath has been redone, the home is painted in neutral tones, and there are also stainless steel appliances upstairs as well. The location is also very nice for families, as there is a park literally out the back gate, with a nice park for kids and benches to sit and soak up the sun. Or, if you prefer more privacy, there is also a nice south facing back yard to enjoy yourself or socialize with friends and family.
This home is MLS # E4072704 and is being offered for $389900. Let me know if you are interested or if you have any questions about the home - I'll be glad to help any way I can!