Anne Marie Lorusso, sales representative

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.

This mamoth three storey semi-detached prime Annex 6-plex house  with four 1-bedroom apartments and two bachelors is located near Bathurst & Harbord Streets.  This house has a private double driveway with parking for 3 cars.

 The monthly mortgage could be as low as $2275 based on a 2.30 % variable 5-year term based on a 35 year mortgage (OAC.)  Currently, the monthly rents total approximately $4100 per month.  That translates to a CASH FLOW POSITIVE situation.

Fabulous 3-storey detached 4-plex facing High Park with a private driveway and 4 parking spots at the rear of the house. 

Rents currently total $4765 per month which is way below the mortgage of $2944 per month based on a 5-year variable mortgage at 2.30% over 35 years (OAC).  This provides you with a $1821 per month positive cash flow which covers all your taxes!  The washer & dryer are coin-op and provide an additional $1200 per year in income.

Rarely available original 4-plex on a quiet side-street near Clinton & Bloor.  Two one-bedroom apartments that have dining rooms and two 2-bedroom apartments.

The main floor suites include finished basement rooms/space.  This property has a great potential for a attic floor addition to expand the current apartments or add additional apartments.  All apartments have private laundry facilities. 

Two units are currently occupied by the current owners, hence, the purchaser can move into those suites and still have the mortgage covered completely by the other rents (10% down, 3.29% variable for 5 years, 35-year amortization, OAC)  or rent then out at the market rent and enjoy a net income of over $48 000 CASH FLOW POSITIVE ownership.