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List Price
$1,700,000
LIVE IN THIS PROPERTY FOR AS LOW AS
$2000
PER MONTH
Why we love it.
A beautiful and charming triplex steps from High Park.
It really doesn't get better than this. This property is IDEALLY located for both rental income as well as for a future single family dream home. The property sits on an extra wide, 30 foot lot and is in excellent condition with three beautiful units that can be rented turn key or improved with minor updates. The property also qualifies for a large garden suite.
BY THE NUMBERS
Property details & financials.
Monthly Mortgage
$6500
Monthly Taxes & Utilities
$1000
Monthly Rental Income
$5500
Total Monthly Carrying Costs
$2000
% Of Mortgage Covered by Rent
85%
Property Details
Property Type
Fully Detached
Bedrooms
4 + 1
Bathrooms
3
Lot Size
30 x 121
ADU Potential?
Yes
Total Rent Collected After 5 Years
$330,000
With ADU Addition
(If Qualified)
Loan Amount
$450,000
Monthly Loan Payment
$2400
Monthly Rental Income
$4400
Monthly Cashflow
$2000
Mortgage is based on a 20% downpayment with a 30 year amortization and a 4.1% rate. ADU financing is based on the same terms and a build cost of $400 per square foot.
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