This bachelor pad is selling for $465,000. If you’re a first-time buyer or potential investor, you might be wondering, is this a good deal? Our expert, real estate agent Othneil Litchmore, gives us a better understanding of this property’s cost.
This bachelor pad sits on the ground floor of a converted steam plant with 10-feet-high ceilings, a spacious kitchen for the size of the unit, new dishwasher and new floors along with an updated bathroom vanity and tap set.
According to Litchmore, the unit can fetch between $1,800 and $2,200 per month if an investor is looking to lease it out, while also noting it may be the perfect spot for a single adult looking for a permanent place downtown. With two people in the unit though, it may feel a little crowded. While the layout of the studio at 10 Wellesley Place is described as more “square,” space is still limited, Litchmore noted. In the photos of the unit, the bed is a few feet away from the fridge in the kitchen with no dividing walls — or floor divider — separating the area.
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