Sold Turnkey Income Property in the South Annex | 261 Clinton Street

About the Property

WELCOME HOME.

About 261 Clinton

Turn-key income property in the South Annex with two apartments and an income-producing garage.

The upper apartment (leased for $2,900/month until August 2014) features 3 bedrooms, 2 full bathrooms, hardwood floors, spacious living/dining/kitchen areas and ensuite laundry. The charming backyard is complete with a private deck, high fence and quaint urban garden.

The one-bedroom basement apartment (leased to a long-term tenant for $815/month until July 31, 2014) features a separate entrance and an open-concept living area.

This home has been well-maintained and cared-for, with upgraded electrical (100 amp), A/C (5 years old), newer sloped roof (2012), and new chimney (2013). Hands-on owners who have taken care of their property–and it shows. Even the ducts and eavestroughs have been cleaned in the last month!

South Annex/Little Italy: The Neighbourhood

Nestled in between the best of Little Italy and the Annex, 261 Clinton Street is just steps from College Street’s top-notch restaurants, Bloor Street’s shops, parks, schools and public transportation–Christie subway station is only a couple of blocks away!

Financial Data

Income (current rents)

Main/2nd floor: $2,900/month (lease until August 30, 2014)

Basement: $815/month (lease until July 31, 2014)

Garage: $150/month

Total Annual income $46,380

Expenses (2012 actuals)

Taxes: $3,908.97

Hydro: $1,175.67

Gas:  $1,021.71

Water/Sewage/Garbage: $811.72

Insurance: $1,000

Total Expenses $7,818.07