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A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades.
Price
$1,050,000
Bedrooms
5 Beds
Bathrooms
4 Baths
Size
1500-2000 sqft
Year Built
Not listed
Property Type
House
Property Taxes
$5806.47
Attention Investors, Multi-Generational Buyers, And Savvy Buyers! Welcome To 395 Rhodes Ave, A Remarkable Residential Property Nestled In The Highly Sought-After Greenwood-Coxwell / Leslieville Pocket. This Solid Brick Property Is Fully Tenanted By Reliable Tenants, Generating A Phenomenal Gross Annual Income Of $91,860 (Inclusive Of Utilities) Across 3 Spacious, Self-Contained Units-Each Boasting Its Own Private Entrance, Kitchen, And Bathroom. This Exceptional Income Property Offers Incredible Stability And Outstanding Long-Term Growth Potential.The Layout Is Perfectly Optimized For Maximum Utility: The Lower Level Is A Spacious 3-Bedroom, Kitchen, 1.5-Bathroom Basement Suite. The Main Floor Features A Comfortable 2-Bedroom, Kitchen, 1-Bathroom Layout With A Separate Living Room. The Upper Level Is An Expansive 3-Bedroom Retreat Complete With Kitchen, A Bright Solarium, A Cozy Living Room With A Fireplace, And A Full Bath. Adding Massive Value To This Deep Lot Is A Shared Driveway Providing Easy Access To An Expansive Rear Parking Area That Comfortably Accommodates At Least 2 Vehicles.Live In One Unit And Let The Tenants Cover Your Expenses, Or Maintain It As A Hands-Off, Multi-Stream Addition To Your Real Estate Portfolio. Unbeatable Location Just Steps To The Vibrant Shops, Cafes, And Restaurants Of Little India And Leslieville. Commuting Is Effortless With Quick Access To Both Coxwell And Greenwood Subway Stations, The Danforth GO, And 24-Hour Streetcar Lines. An Absolute Must-See Opportunity!
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Contact MeTotal Monthly Payment
$4,756 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$840,000
Total Interest Payments
$517,912
Total Payment (Principal + Interest)
$1,357,912
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.