398 Brown Street, Dresden

398 Brown Street, Dresden, ON N0P1M0 Photo 1

18 Photos

398 Brown Street, Dresden, ON N0P1M0 Photo 2
398 Brown Street, Dresden, ON N0P1M0 Photo 3
398 Brown Street, Dresden, ON N0P1M0 Photo 4
398 Brown Street, Dresden, ON N0P1M0 Photo 5
398 Brown Street, Dresden, ON N0P1M0 Photo 6
398 Brown Street, Dresden, ON N0P1M0 Photo 7
  • Bedrooms: 3
  • Bathrooms: 3
  • Living area: 2450 sqft
  • MLS®: 40569353
  • Added: 24 days ago

Property Details

Situated on a generous corner lot, this triplex offers an excellent investment opportunity, featuring three 1-bedroom units—two of which are vacant and one currently occupied under a month-to-month lease. This setup allows for immediate leasing of two units at current market rates. The first vacant unit has been completely renovated, offering modern finishes and move-in readiness. The second vacant unit presents a unique opportunity for value enhancement, with potential for conversion into a spacious 2-bedroom unit, perfect to boost monthly revenue. Additionally, the property offers a metal roof and a detached double car garage with ample parking, accommodating multiple tenants with ease. Its prime location near a variety of essential amenities, coupled with its proximity to the downtown area, heightens its appeal as a highly desirable rental choice. (id:1945)

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Property Information

  • Sewer: Municipal sewage system
  • Cooling: None
  • Heating: Electric, Natural gas
  • List AOR: London and St. Thomas
  • Stories: 2
  • Basement: None
  • Directions: Turn left onto brown st from north st.
  • Living Area: 2450
  • Photos Count: 18
  • Water Source: Municipal water
  • Parking Total: 6
  • Bedrooms Total: 3
  • Structure Type: Triplex
  • Common Interest: Freehold
  • Parking Features: Detached Garage
  • Subdivision Name: Dresden
  • Tax Annual Amount: 1175
  • Exterior Features: Brick, Vinyl siding
  • Foundation Details: Brick
  • Zoning Description: r1(f)
  • Number Of Units Total: 3
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Nearby Places

Name Type Address Distance
Uncle Tom's Cabin Historic Site Museum 29251 Uncle Toms Rd 1.2 km
Tupperville, Ontario Tupperville was named after Canada's sixth Prime M... 7.1 km
Oldfield, Ontario Oldfield is a community in Ontario.... 10.8 km
CKXS-FM Owned by Five Amigos Broadcasting Inc., the statio... 11.0 km
Western District, Upper Canada The district originally consisted of that part of ... 12.6 km
Wallaceburg and District Museum The museum opened on June 29, 1984... 15.1 km
Crabby Joe's Tap & Grill Restaurant 65 McNaughton Ave 16.4 km
Days Inn - Wallaceburg Lodging 76 McNaughton Ave 16.4 km
Wallaceburg In more recent years the town was known for its gl... 16.5 km
Fiesta Restaurant Restaurant 504 James St 16.5 km
Wallaceburg Antique Motor Boat Outing The event attracts approximately 30 000 visitors t... 16.6 km
St. Clair Catholic District School Board 39 prior to 1999) is the separate school board tha... 16.7 km
398 Brown Street mortgage payment
Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 398 Brown Street. The current price of the property is $299,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $239,200. This would result in a monthly mortgage payment of $1,398 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Bachelor's degree 10
Certificate of Qualification 15
College 45
University degree at bachelor level or above 15

Neighbourhood Marital Status Stat

Married 155
Widowed 20
Divorced 25
Separated 10
Never married 75
Living common law 60
Married or living common law 210
Not married and not living common law 130

Neighbourhood Construction Date

1961 to 1980 20
1981 to 1990 10
1991 to 2000 10
2001 to 2005 10
1960 or before 125
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