Asking Price: $1,199,000
Sold Price: $1,230,000
Style: 2 Storey
Taxes: $3864.00 / 2021
Total Parking Spaces: 1
Basement: Finished/Sep. Entrance
Heat: Forced Air, Gas
Air Conditioning: Central Air
Get your foot in the real estate door with this beautifully renovated, versatile property in the Hillcrest School area that is currently a single-family home with a basement apartment rented for $1,300 monthly. Voila! Put up a few walls on the main floor hallway and convert it to a three-unit dwelling.
Investors are you watching your capital erode in the stock market? Is your money sitting in the bank earning pennies? This flexible property, steps to George Brown College, can potentially deliver a cap rate of 4% and net income of $47,000.
The main floor is a showstopper! A mix of modern and old-world charm – you’ll enjoy the beautifully renovated, white kitchen with stainless steel appliances and gleaming wood floors plus a lovely three-piece bath.
The second-floor houses three bedrooms including a dramatic primary bedroom with double closets, cathedral ceiling and an exposed brick wall, as well as a spacious four-piece bathroom. The back bedroom leads to a private deck and is roughed in for a kitchen.
This property is versatile and perfect for professional singles or couples, as a condo alternative, someone downsizing, siblings and friends co-habiting or an investor too.
Its desirable urban location, steps to transportation and walkable St Clair West and Davenport Road – with its eclectic shops, trendy restaurants and youthful energy, make it easy for the investor to rent these units or enjoyable for an owner who wants to live close to world class urban amenities.