Sale of the Week: The $912,000 property that proves it’s possible to sell your house and have it, too

Categories: Real Estate News
Tags: No Tags
Comments: No Comments
Published on: August 15, 2016

Address: 112 Helendale Avenue

Neighbourhood: Yonge-Eglinton

Agent: Ron Carroll, Re/Max Unique Inc., Brokerage

The property: A two-bedroom on an impressively leafy lot.

The history: The seller had lived in the house for 40 years. A neighbour approached him in early summer about buying the place and renting it back to him, but the deal fell through. The seller’s interest was piqued, though: he saw an opportunity to make money without moving. He found an agent willing to market the house as an investment property.

The fate: The buyer, who is a real estate agent, was completely on board with the seller’s plan. She agreed to rent it back to him for a minimum of 5 years, for $2,500 a month. The seller will pay for his own maintenance and utilities.

The sale: The house was shown about half a dozen times, but the agent investor moved the fastest. The seller accepted her offer, for $77,000 under asking.

By the numbers:

  • $912,000
  • $3673.78 in taxes (2016)
  • 880 square feet
  • 35 days on MLS
  • 2 bedrooms
  • 1 bathroom

Here’s the living room:

toronto-house-sold-112-helendale-avenue-2

The dining area is next to the living room:

toronto-house-sold-112-helendale-avenue-3

The kitchen appliances are old, but the seller plans on continuing to live here as a renter, so it shouldn’t matter:

toronto-house-sold-112-helendale-avenue-4

There’s a sunroom at the back of the house:

toronto-house-sold-112-helendale-avenue-5

There are two bedrooms on the second floor:

toronto-house-sold-112-helendale-avenue-6

Here’s one of them:

toronto-house-sold-112-helendale-avenue-7

And here’s the other:

toronto-house-sold-112-helendale-avenue-8

The basement is finished:

toronto-house-sold-112-helendale-avenue-9

And here’s the backyard:

toronto-house-sold-112-helendale-avenue-10

Article source: http://torontolife.com/real-estate/houses/toronto-house-sold-112-helendale-avenue/

Comments are closed.


October 2017
M T W T F S S
« Sep    
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

Welcome , today is Tuesday, October 17, 2017