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
$1,350,000
Bedrooms
11 Beds
Bathrooms
6 Baths
Size
2000-2500 sqft
Year Built
Not listed
Property Type
House
Property Taxes
$5994.99
A very rare City of Toronto licensed rooming house with 14 private rooms, 6 bathrooms (some rooms with own private bathroom), 2 kitchens, and 2 car parking . This house is home to excellent tenants only, made up of high-income young professionals and university students. The property is clean, quiet, and well maintained. It offers strong income potential, with an estimated cap rate of about 7.8% when fully rented at $750 per room. Excellent location, less than 15 minutes by transit to downtown Toronto, and very close to all amenities and major transit lines. Each room is private. Kitchens and bathrooms are shared where applicable and are well maintained for simple, practical daily living. Price is firm. No vendor take-back. For More Information About This Listing, More Photos & Appointments, Please Click "View Listing On Realtor Website" Button In The Realtor.Ca Browser Version Or 'Multimedia' Button or brochure On Mobile Device App.
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Contact MeTotal Monthly Payment
$5,850 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,080,000
Total Interest Payments
$665,886
Total Payment (Principal + Interest)
$1,745,886
Estimated Net Proceeds
$68,000
Realtor Fees
$25,000
Total Selling Costs
$32,000
Sale Price
$500,000
Mortgage Balance
$400,000
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.
