FOR LEASE - 161 Crescent Road Basement and Coach House- ROSEDALE
WHAT!?!
What is happening here?
I loved this house when it was first listed in May for $3,295,000. I didn't love the kitchen layout and a few of the design choices, but this house could be amazing!
Some people thought it was strange though that it had a coach house rental and a basement rental. If you can afford a $3.3 house, do you need a rental income?
This house didn't sell for $3.3 though. The price dropped 2 times before finally selling in July for $3,015,000.
I was kind of shocked.
But I might be even more shocked that the people who bought this are now renting out the basement AND the coach house!
For $1,650/month and $2,100/month, respectively!
Like some readers, I really didn't think the new owners were going to rent it out.
The basement is a 1,740 square foot, 2 bedroom, 1 bathroom rental and the coach house is a 750 square foot, 1 bedroom, 1 bathroom unit.
But you know what?
That's $3,750/month!?!
I am not going to do the math, but if you were able to put a fair amount down, this could cover a lot of a big mortgage. And you end up with a huge, beautiful, old house in Rosedale.
You just have to be a landlord for 20 years.
