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Richmond Hill, ON L4C 5N4
Asking Price
$70,000
Parking Opportunity
Type
Not publicly listed. Surfaced by PrivateDeals from off-market and pre-market activity.
A Great Opportunity To Own Or Add An Additional Underground Parking Spot At 89 McGill - Parking Is At Level D Unit 40 (PD040). Buyer Must Be A Registered Owner Of TSCC 2682 Alter Condominiums Or Provide A Proof Of Purchase. If You Don't Own A Parking Spot With Your Suite, Add Value To Your Suite By Purchasing One. Adding A Parking Spot May Make Your Suite Easier To Sell Now Or In The Future. This Parking Could Be Potentially Rented For $250-$300 A Month.
Opportunity score
5 / 10
Recommended strategy
Fix & RentAutomated estimate generated from listing data. Not a property valuation or investment advice.
Property type
Parking Opportunity
Status
For Sale
Parking
Underground - Level D Unit 40 (PD040)
Separate entrance
No
Strengths
Weaknesses
Threats
20.0%
Monthly payment (principal + interest)
$375
Down payment
$14,000
Mortgage amount
$56,000
Rate · amortization
6.5% · 25 yrs
Canadian semi-annual compounding. Add CMHC & land transfer tax →
/month
What it would rent for, all units combined
%
= $14,000 · linked to the mortgage calculator
/mo
Est. 1.2% of price a year
/mo
Repairs, condo fees
Monthly cash flow
Enter the rent to see if this home pays for itself.
Rent needed to break even
$445/mo
Mortgage (P+I)
−$375
Property tax
−$70
Asking Price
$70,000
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