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.

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