Sale of the Week: The $912,000 property that proves it’s possible to sell your house and have it, too

Address: 112 Helendale Avenue

Neighbourhood: Yonge-Eglinton

Agent: Ron Carroll, Re/Max Unique Inc., Brokerage

The Property: A two-bedroom on an impressively leafy lot.

The History: The seller had lived in the house for 40 years. A neighbour approached him in early summer about buying the place and renting it back to him, but the deal fell through. The seller’s interest was piqued, though: he saw an opportunity to make money without moving. He found an agent willing to market the house as an investment property.

The Fate: The buyer, who is a real estate agent, was completely on board with the seller’s plan. She agreed to rent it back to him for a minimum of 5 years, for $2,500 a month. The seller will pay for his own maintenance and utilities.

The Sale: The house was shown about half a dozen times, but the agent investor moved the fastest. The seller accepted her offer, for $77,000 under asking.

By The Numbers:

• $912,000
• $3673.78 in taxes (2016)
• 880 square feet
• 35 days on MLS
• 2 bedrooms
• 1 bathroom

Here’s the living room:

The dining area is next to the living room:

The kitchen appliances are old, but the seller plans on continuing to live here as a renter, so it shouldn’t matter:

There’s a sunroom at the back of the house:

There are two bedrooms on the second floor:

Here’s one of them:

And here’s the other:

The basement is finished:

And here’s the backyard: