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This Rock 'n' Roll Triplex Sells Over Asking For $825K

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[Photo via Josie Stern]

It's a done deal for this three-storey triplex on Oakwood Avenue in Hillcrest Village. Listed for $819,000, the property eventually sold for $825,300. The home is a triplex, three independent units, and while it won't be for everyone, it could be a good investment property. The main floor receives $1,500/month, the second floor gets $1,700, and the basement apartment has a monthly income of $750. All tenants pay heat and hydro. Although the units are renovated and well kept, the collection of guitars hanging over the kitchen table makes us think one renter might be a touch loud. The semi-detached house can also be converted into a single family dwelling. Do you think this is a good investment property? Discuss in the comments below.
· Sold Stuff Archives [Curbed Toronto]
· Battle over MLS System [Toronto Star]