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Toronto East Turn Key 2 Unit House For Sale

Would you buy in Toronto if you can get positive cash flow?


  • Total voters
    1

AndreiAngelkovski

0
REIN Member
Joined
Sep 18, 2007
Messages
297
Hello Fellow REIN Members,

We have a fully renovated turn key 2 unit home for sale in East Toronto.
Location is Danforth Ave and Monarch Park Ave.
Address is 88 Monarch Park Ave.
List Price is $799,900
It is a 3 bedroom 3 bathroom 2 storey main unit that has a living room, dining room, gourmet kitchen, and separate laundry.
The Basement has a separate entrance and is a stunning 1 bedroom unit that has an open concept living room and kitchen.
I have attached a property analysis for your review. If you are interested, please call me at 416-885-2010 or email at [email protected]. Feel free to visit the open house this weekend June 4-5th between 2-4pm. I would love to tell you more!
To summarize the potential numbers:
Gross Rents:
Main $2500
Bsmt $1200
Annual Taxes: $3467
Insurance: $1200
Utilities Paid For By Tenants
Repairs and Maintenance - should be low because fully renovated
Vacancy allowance - should be 2-3%

Here is a bit more of the description:
Welcome To 88 Monarch Park Ave
This Beautiful Mature Neighbourhood Has All The Amenities You Need. The Home Has Been Extensively Renovated From Top To Bottom Since 2012. Modern Open Concept Layout With Gorgeous White Gourmet Kitchen Perfect For Entertaining. Tons Of Natural Light Throughout Especially With The Western Exposure. There Is An Awesome Functional Woodburning Fireplace That Make Those Long Cold Winters Warm And Cozy. Very Rare But You Will Get To Experience Tranquility In Your Master Ensuite!

Most Importantly, There Is A Separate Entrance To A Stunning 1 Bedroom Basement Apartment. This Can Help Pay For The Bills, Or Provide Private Space For A Live-In Nanny, Or Provide Private Space For Your Teenagers, Or Space For Your In-Laws. Another Excellent Option Would Be To Rent Out The Main House Plus The Basement Separately And Use This House As A Cash Flowing Investment Property!

The Exterior Has Been Landscaped With Large 16 Foot Wide Garage!

Extras Included:All Appliances, Window Coverings, Light Fixtures & Ceiling Fans, Nest Wi Fi Thermostat System.

There Will Be A Public Open House Sat/Sun June 4th/5th 2-4Pm. Come Check It Out!

Or Call 416-885-2010 For More Information.
 

Attachments

  • Property Analysis.pdf
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