2 SMETANA Drive

About this home.

Unlock the potential of this exceptional property! This turn-key bungalow has a versatile layout perfect for both personal use and as a rental opportunity. This purpose-built, legal duplex with 2 self-contained vacant units has great income-generating potential as it has no tenants currently and you can set your own rental rates, making it an excellent choice for first-time homebuyers looking to decrease their mortgage payments. It is also a perfect home for anyone looking for an in-law suite. Each unit has its own furnace, hot water heater and in-suite laundry, as well as hydro, water and gas meters. The upper unit boasts vaulted ceilings that are 10 ½ feet at their lowest point, built-in appliances, gas fireplace and lots of bright and spacious living space. The well-lit lower unit, with its full height windows and 9 foot ceilings throughout, is similarly bright and spacious. Located on a large lot next to a greenspace with a walking trail and stream, this home is just minutes from schools, parks, restaurants, shopping venues and highway access. Don't miss out on this rare opportunity. Come see for yourself! (id:59491)

The full record.

How this listing prices against Grand River North.

Grand River North posted 4 sales and 13 active listings, so recent demand did not fully absorb supply. The average sale price was $879,776, above the city average, but homes took 31 days to sell and closed at 95.15 percent of list, showing a more measured upper-price market. This looks like a slower, higher-end freehold neighbourhood rather than a highly competitive one. Buyers here appear willing to wait for the right fit and negotiate.

Estimate the monthly carry.