498 Eastern Ave

As-of right zoning for a 5 Plex (4 Plex + Garden Suite). Positive cash flow after construction. This project qualifies for special MI Select financing with low down payment, low interest rate (est. 3% or less) & 45 year amortization. Special financing only available with 5 units or more. Total Development Charges for all 5 units of $68,199. as of June 6, 2024. 4 Units are exempt from Development Charges & 1 Unit has a special rate of $ 68,199. Education DC still apply. 100% HST rebate. Huge 8,100+ sq ft pie-shaped lot with 66.6 rear lot line. 155.5 deep. Extra long driveway for additional parking spots (6 cars in total including 2garage spaces) Average Unit size is 1,194 sq ft **EXTRAS** No chattels incl.. Floorplans, Site Plan, existing house pictures & Planning Documents in Attachment labelled Documents. Sold as is, where is. Rendering is of the 70A Dunstall 4 plex after being constructed. Realty Taxes shown are for both 70A Dunstall and 70B Dunstall - taxes for the separate lots have not been assessed yet.

As-of right zoning for a 5 Plex (4 Plex + Garden Suite). Positive cash flow after construction. This project qualifies for special MI Select financing with low down payment, low interest rate (est. 3% or less) & 45 year amortization. The special financing is only available with 5 units or more. No Development Charges applicable due to a credit from existing house which is to be demolished (Education DC still apply). 100% HST rebate. Huge 8,100+ sq ft pie-shaped lot with 66.6 rear lot line. 158.3 deep. Extra long driveway for additional parking spots (6 cars in total including 2 garage spaces). Average Unit size is 1,182 sq ft. Realty Taxes shown are for both 70A Dunstall and 70B Dunstall - taxes for the separate lots have not been assessed yet.