FOR SALE: 26 Lippincott St – $1, 050, 000 ~ you could make $2330 per month!
This triplex is turn key income producing property on Lippincott is in excellent condition. This house is in the perfect location being close to U Of T and trendy Little Italy and Kensington market.
With an upper 2 level 3 bedroom suite, 3 bedroom suite on the main level and basement 2 bedrooms, this house produces almost $67,800 gross income (2013) with low operating expenses, provides a net income Of $55,363 per year (as per seller). With 20% down, that works out to a carrying cost of $3313 (OAC) and based on the $5650 income per month, you’re making at least $2330 per month!
Incloudes: Electric Light Fixtures, 3 Fridges, 3 Stove, Ceiling Fans, Hot Water Tank (Owned), Washer & Dryer. Shared Laundry. 1996 Survey copy available.