Turn-Key Triplex Renovation in Monarch Park – Episode #207
Turn-key triplexes in Toronto are very hard to come by. Especially ones that are finished with good quality, attract AAA tenants, and that actually cash flow positive.
The owners of this triplex located near Danforth and Monarch Park are spent close to $300,000 in renovations to create this luxury turn-key triplex that actually cash flows over $1000 / month!
This cash flow is calculated after refinancing and pulling out the renovations cost.
Contact me if you wish to get the detailed property analysis.
The finishes were selected with a purpose of attracting young professionals who love the trendy look of exposed brick walls, modern kitchens, rustic and durable floors, spa-like bathrooms, exposed wood beams, added storage space, and private outdoor space. Of course, the location is ideal being a short walk to Danforth, 2 subway stops, Monarch Park, great schools, and of course cafes and restaurants.
This will be an excellent long term investment for the owners.
If you would like to discuss how you can acquire a similar property feel free to contact me through my website: www.BeachInvesting.com
If you want to see other projects Brendan has been involved with here they are:
East York Modern Duplex Conversion After Renovations – Episode #200
Leslieville Luxury Duplex Generates $2000 of Monthly Cash Flow – Episode #196