Fully renovated! This is a great investment property on College Street with 5 private units including three bachelors, one 1-bedroom and one two bedroom suites. Gross Income is currently $55 920 with a net income of $42 470. Cap rate is 5.7%.
Upgrades include newer laminate floors and mirrored closet doors.
The basement apartment has a 7′ 6″ ceiling height with two bedrooms and two bathrooms plus a living room.
There is also a sub-basement below the basement apartment with a 20’x 17′ storage space.
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About Anne Marie
Innovative Freeman Realty salesrep in downtown Toronto shares her thoughts and knowledge about real estate in Toronto.