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.
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.
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.