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
$2,990,000
Bedrooms
12 Beds
Bathrooms
6 Baths
Size
3500-5000 sqft
Year Built
Not listed
Property Type
House
Property Taxes
$9011.34
Discover a rare investment opportunity in South Etobicoke, just steps from Lake Ontario. 2709Lake Shore is a well-maintained, legal six-unit apartment building (five two-bedroom units and one one-bedroom unit) with strong upside potential: Committee of Adjustment Approval allows reconfiguration into nine one-bedroom units and one two-bedroom unit. Ideally situated near Royal York Road and Lake Shore Boulevard, the property is only 10 minutes from downtown Toronto and offers two garage spaces plus three outdoor parking spots. Residents will enjoy being only steps away from and overlooking Lake Ontario, providing scenic views. The building can be operated as a traditional rental building or as an Airbnb operation. It is a very profitable investment. Extras: Basement common laundry area; keyless/keyscan entry, separate hydro meters, security cameras
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Contact MeTotal Monthly Payment
$11,993 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$2,392,000
Total Interest Payments
$1,474,814
Total Payment (Principal + Interest)
$3,866,814
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.
