239 STIVER STREET is a 2-unit duplex in Russell, ON, asking $724,900 — $362,450 per door.
At 2 units this finances as residential, not commercial — MLI Select starts at five units. The qualifying rate still applies: federally regulated lenders test a 1–4 unit rental at the greater of your contract rate plus two points or 5.25%.
Asking price
$724,900
Units
2 units
Property type
Duplex
Location
Russell, ON
Price per door
$362,450
The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the offer band this desk would actually bid — opens with a free account.
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Verdict
Debt coverage
Cash to close
Market fit
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