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
$1,990,000
Bedrooms
7 Beds
Bathrooms
7 Baths
Size
3500-5000 sqft
Year Built
Not listed
Property Type
House
Property Taxes
$9087
Wonderful investment opportunity, 3 separate units 2 Two bedrooms Two Bathrooms and 1 Three Bedrooms 3 Bathrooms. Great Tenants, Excellent income flow a bit lower than 5% Cap Rate. The entire building is renovated top to bottom 8ft ceilings, pot lights trough out, new flooring (vinyl in basement and main floor, engineered hardwood on 2nd and 3rd floor), Furnace 2022, A/Cs 2022 and 2025, new appliances (2022), in-suite Laundry in each unit, new balconies, new drains, new water line, water proofed basement, new windows, roof, gutters, Rockwell insulation trough out the house, underpinned. 3 separate electric meters parking for 4 cars 2.5 detached car garage. Potential to build a garden suite at the back and convert the 3 bedroom 3 bathroom unit (situated on second and third floor) into 2 separate units for a total of 5 Units and qualify the building for CMHC financing. Very close to a bus stop, shopping, schools, library, park.
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Contact MeTotal Monthly Payment
$8,407 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,592,000
Total Interest Payments
$981,565
Total Payment (Principal + Interest)
$2,573,565
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.
