Sales Representative
A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades.
Price
$1,099,000
Bedrooms
2 Beds
Bathrooms
1 Baths
Size
700-1100 sqft
Year Built
Not listed
Property Type
House
Property Taxes
$4299
Approved COA severance for two 2000sf 4bdrm 3 story semi's, each bedroom with it's own ensuite plus basement apartment and very rare approved front pad parking. Heavy lifting is done, can apply for building permit, see attached plans. Great basement income/intergenerational living (adult kids, seniors) for end user or excellent rental income location for multiplex investor. Potential for up to 4 units per semi as of right, no committee of adjustment necessary. Property will qualify for MLI Select financing, which can potentially finance up to 95% loan to cost at excellent interest rates on 50yr amortization (allowing investor to recoup all or most of their investment upon completion with positive cash flow) Property was updated a few years ago and is currently rented. Some images are conceptual renderings only for illustration purposes of potential future semi's. Wide 35 ft frontage. Excellent school district, close to subway station and 24hr bus line, shopping, downtown and highway. Purchaser to satisfy zoning by-laws and approvals to their own satisfaction.
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Contact MeTotal Monthly Payment
$4,807 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$879,200
Total Interest Payments
$542,081
Total Payment (Principal + Interest)
$1,421,281
Estimated Net Proceeds
$68,000
Realtor Fees
$25,000
Total Selling Costs
$32,000
Sale Price
$500,000
Mortgage Balance
$400,000
Toronto, ON M4J 2W3
Listed By: ROYAL LEPAGE SIGNATURE REALTY
Toronto, ON M4C 3G7
Listed By: RE/MAX HALLMARK REALTY LTD.
Toronto, ON M4C 3L3
Listed By: RE/MAX HALLMARK REALTY LTD.
Toronto, ON M4C 2N7
Listed By: RE/MAX IMPERIAL REALTY INC.
A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken has a passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.
