Great Investment in Ajax, house just like a duplex, great tenant

This Beautiful 3 bedroom bungalow is renovated top to bottom, with a self contained legal 1 bedroom basement apartment. Tenant upstairs pays $1350 a month , Would like to stay for at least 4 yrs (AAA tenant). Basement Apartment. is vacant but rents for $850-$925 a month. (Basement looks like a brand new Condo). Purchase price is $275,000 with 5% down carries for around $1800 (includes. Mortgage, insurance, Taxes, and $300 utilities.) also has coin operated washer and dryer, income not included here.


Rent it out whole house and get a $400 a month positive cash flow or live downstairs for only $ 450 a month .

** All numbers are estimates only **

1 Bedroom Basement Apartment for Rent

Great all inclusive, with its own laundry room for only $700 a month. It includes all utilities and full separate entrance. Located in Whitby, close to Dundas. Available Immediately.

Real Estate Market Update for Toronto and Surrounding areas

The prices continue to grow and likely for the rest of the year.  In most areas it seems to be a seller's market, with a slim supply of properties.   The interest rates continue to be at an all time low.   All forecast now indicate that interest rates will continue with no upward movement at least till the fall, due to the current world issues.  The 35 year amortized mortgages have now been eliminated by most banks, it did cause a bit of a market jump, but now it seems that it is back to a regular pace. Most people will find that the 30 year mortgage does very little difference from the 35 year mortgage. It is great time to purchase or sell your properties, many opportunities exist. Call me for more details.

35 Year CHMC approved mortgage is OVER

As March 18 comes along the 35 year amortization mortgage is now over.  Will the market slow down, will be people stop buying? Probably NOT, it will probably continue to be a strong spring real estate market.  Call me to review all of your financing options.