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251 Manning Avenue - LITTLE ITALY

251 Manning Avenue - LITTLE ITALY

In December 2012, I posted a 3 bedroom, 2 bathroom house on a 15.67 x 129 foot lot at 251 Manning Avenue in Little Italy.

It looked like this...

And on the inside, it looked like this...

With this poster on one of the walls...

It was initially listed $768,900.

It

sold in May 2013 after 2 price drops for $689,000.

It has since been completely renovated and flipped into a triplex with the second floor set up as a 2 bedroom, 2 bathroom apartment that has been rented out.

Here are the photos of the UPPER apartment...

And now the LOWER apartment is for lease.  

Here is the floor plan for that 1 bedroom, 1 bathroom apartment...

I am a little confused because this seems to be 2 units with 1 bedroom and a kitchen in each.

But from the listing, it mentions a basement walkout so I think it is referring to the basement apartment.

The asking price is $1,800/month.

So, if the basement gets $1,800, the first floor probably gets around $2,200 and the upstairs probably about $2,600 (or more)...

Which works out to about $6,600/month.

Not bad.

listing

PRICE INCREASE - 314 Palmerston Boulevard - PALMERSTON

PRICE INCREASE - 314 Palmerston Boulevard - PALMERSTON

PRICE DROP - 5 Euclid Place - TRINITY-BELLWOODS

PRICE DROP - 5 Euclid Place - TRINITY-BELLWOODS