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449 Rogers Road, Keelesdale-Eglinton West M6M 1A6

Price

$1,488,000

Bedrooms

2 Beds

Bathrooms

1 Baths

Size

700-1100 sqft

Year Built

Not listed

Property Type

House

Property Taxes

$2714.71

Description

Attention Investors & Developers! Prime Multi-Unit Development Opportunity with Immediate Cash Flow. Skip the red tape and step into a fully approved project! This semi-detached property is being sold together with 451 Rogers Road, offering an incredible turn-key development opportunity in a rapidly growing pocket. The Current Income: Generating immediate holding income of $3,050/month + utilities. The Future Potential (Approved Plans Included) Recent Approval for a modern, 4-story mixed-use building.5 Income Streams: Features 4 residential dwelling units + 1 prime commercial main-floor unit. Premium Design Elements: Covered front entrance, rear balconies for the 2nd, 3rd, and 4th floors, rear basement walkout, and an exterior access staircase. Note: Must be sold with 451 Rogers Road. One of the owners is a Registered Real Estate Sales Representative. Listing broker is related to one of the Sellers.

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The Property Location

Calculate Your Monthly Mortgage Payments

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Total Monthly Payment

$6,072 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$1,190,400

Total Interest Payments

$733,955

Total Payment (Principal + Interest)

$1,924,355

Get An Estimate On Selling Your House

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Estimated Net Proceeds

$68,000

Realtor Fees

$25,000

Total Selling Costs

$32,000

Sale Price

$500,000

Mortgage Balance

$400,000

Meet Ken Matsumoto

Meet Ken Matsumoto

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.

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