Size
-
Lot size
5564 sqft
Street frontage
E
Possession
TBD
Price per sqft
-
Taxes
$7,834 (2023)
Parking Type
Garage
Style
2-Storey
See what's nearby
Description
Flooring: Tile, Seize this rare opportunity to build a lucrative investment property in the heart of Westboro. Whether you choose to proceed w/ the approved 6-unit building or explore the potential for up to 12 units in it's R4UB zoning, this property offers unparalleled possibilities. The approved architectural plans include 9' ceilings, large sunlit windows, an elevator for convenience, a rooftop space for relaxation, dedicated parking, and a bike/garbage shed in the back. Unit Breakdown:Two luxurious 3-bedroom + den, 2.5-bath units w/ in-unit storage (each 1850 sqft) ideal to live in; One 2-bedroom unit; One 1-bedroom + den unit & Two 1-bedroom units. W/ a strategic unit mix, the projected annual rental income is an impressive $256,800. After a 20% projected expense of $38,520, the expected NOI is $218,280, reflecting a solid 5.5% cap rate w/ potential for growth. It provides immediate income while you plan for the future. Act now to secure this prime Westboro investment. Some pics virtually staged, Flooring: Hardwood
EXTRAS:
EXTRAS:
Broker: RIGHT AT HOME REALTY
MLS®#: X9517086
Property details
Parking:
3
Parking type:
Garage
Property type:
Detached
Heating type:
Radiant
Style:
2-Storey
MLS Size:
-
Lot front:
52 Ft
Lot depth:
107 Ft
Listed on:
Mar 26, 2024
Show all details
Rooms
| Level | Name | Size | Features |
|---|---|---|---|
Main | Living | 15.0 x 12.5 ft | |
Main | Dining | 15.0 x 13.0 ft | |
Main | Kitchen | 18.0 x 11.0 ft |
Create an account
