Highly Desireable Triplex on Lippincott

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.

Powered by Cincopa WordPress plugin

Posted in Current listings I have my eye on, For Sale | Leave a comment

Turn Key Fourplex With Excellent Income in the Annex

For sale for $1,250,000 ~ you could make $1800 per month.

With FOUR well planned apartments, this house generates over $69,000 in gross income per year and approximately $55,000 net income per year.  With 20% down, this property carries for approximately $3944 per month (OAC), plus taxes, insurance and maintenance, while bringing in $5750 per month with room to grow the rents over time. That translates to almost $1800 per month in cash-flow.

Handsome Income-Producing Victorian On Best Part Of College/Bathurst St In Prime U Of T/Little Italy Location.  Potential To Increase Rent Over Time. Shared Laundry (add coin-op system for additional income). Many Improvements & Enhancements.  Includes:  All electrical light fixtures (not belonging to tenants), 4 Fridges, 4 Stoves, Ceiling Fans, Microwaves, Built-In Dishwashers, Washer & Dryer.

This house is fully occupied with all tenants on month-to-month leases.  Continue to enjoy the income or you can move into one of the suites or you cam move one of your children in with proper notice (2 calendar months) to the current tenant.

Powered by Cincopa WordPress plugin

Posted in Current listings I have my eye on, For Sale | Leave a comment

My continuing education in 2014.

Here are the courses I’m booked in for this fall…

  • Tips to protect your client
  • LinkedIn – powerful networking tool
  • Multiple offers – the Buyer and You
  • 100 Ways to be better in Real Estate
  • Understanding the Builders Agreement of Purchase & Sale (New homes & condos)
  • Understanding Residential Statistics in Stratus
  • Practical approach to dealing with the Buyer Representation

I have been taking courses over the past couple of years but haven’t been good at updating this section of my blog. Here are some of the courses I’ve taken in the past two years….

  • How REBBA Affects You Every Day (July 2014)
  • An Overview of 2014 Standard Forms (March 2014)
  • Important benefits to using the Buyer Registry Service (January 2014)
  • Topical Issues of the Real Estate Industry (October 2013)
  • The Real Estate Industry – What you need to k now (September 2013)
  • Facebook for REALTORS®  (July 2013)
  • Using Video Online to Focus Your Brand: It`s Easier Than You Think (May 2013)
  • Legal Concerns for Residential Rental Properties (November 2012)
  • Land Registry and Assessment Data  (November 2012)
  • Tapping into the Grey Market: The Next Real Estate Wave  (November 2012)
  • MPAC Update 2012 (February, 2012)
  • Perfecting Your Evaluations  (December 2011)
  • Wills and Estate Planning  (December 2011)
  • Boundary Rights – Fence Lines, Title Disputes and Related Issues (November 2011)
  • Second Suites in Homes and Student Lodging Houses (Nov 2011)
  • Listing Presentations (October 2011)

 

Posted in Course Descriptions, Education | Leave a comment

Attention Developers & Builders! South Riverdale investment opportunity.

This is a rarely available plot of land near Queen St E and Broadview!  There is a house on the lot that needs to be torn down but this is a great opportunity buy, tear down and build 2 semi-detached houses and possibly more than double your money.  The lot is 35 feet wide by 74 feet deep.

Newly built semi-detached homes in the neighbourhood sell for $800-900 000.  I am happy to provide you with some local sales to review when we meet.

If you are looking for somewhere for you and your family to live, you could buy the lot, build two houses then sell one of them and live in the other pretty close to free!  I have a couple of contractors you could work with to accomplish this goal.  You could possibly get approvals for a low-rise building (under 3-4 stories) and build a boutique apartment building that you could sell as a whole or live in and rent out the other units.

Call me for more details or for a viewing.

Powered by Cincopa WordPress plugin

Posted in Current listings I have my eye on, For Sale | Leave a comment

East end rental options

The Merrill house went fast and I’m still getting calls, so I thought I would post a list of other houses in the area.

Houses:

http://v3.torontomls.net/Live/Pages/Public/Link.aspx?Key=aaae7de6fbe74366a4c38ab950fb3020&App=TREB

Condo townhouses: (7 listings)

http://v3.torontomls.net/Live/Pages/Public/Link.aspx?Key=a2a08e13a88d49f2afd150da84e53365&App=TREB

There are more listings but the rent for a three bedroom is generally higher than $2400, especially downtown.

Feel free to get in touch if any of these are of interest or if you’d like to see listings that might be a little higher in price.

The above links are live for only 2 weeks.  Please do get in touch with me if you come across this post after they expire.

Posted in For Rent | Leave a comment