Fabulous 3-storey detached 4-plex facing High Park with a private driveway and 4 parking spots at the rear of the house.Â
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.
About Anne Marie
Innovative Freeman Realty salesrep in downtown Toronto shares her thoughts and knowledge about real estate in Toronto.