Size
12240 sqft
Lot size
11022 sqft
Street frontage
-
Possession
-
Price per sqft
$425
Taxes
$17,853.18 (2024)
Parking Type
-
Style
Other
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Description
This exclusive 12-unit apartment building in Toronto's East End offers a high-yield
investment with a 2023 net operating income of $313,042 and a 5.8% cap rate. With
1 bachelor unit and 11 two-bedroom units, this 3-storey walk-up features intercom
access, coin-operated laundry, and 8 rentable parking spaces, all designed to
maximize income potential. Strategically upgraded, the property includes renovated
kitchens, bathrooms, fresh paint, modern flooring, and 100-amp panels in each
unit. A new boiler (2021) and 13 hydro meters add efficiency, making it an
attractive choice for tenants and owners. Located near Danforth Village, Main
Street Subway, and Danforth GO, the building is ideally situated for commuters,
providing easy access to downtown Toronto and nearby amenities like parks,
schools, and Greektowns vibrant community. High demand and rising rental rates
make this area highly sought-after with low vacancy rates. With limited new
construction, this property stands out as a turnkey investment with strong cash
flow in a growing market.
Broker: Re/Max Gold Realty Inc., Brokerage
MLS®#: 40675484
Property details
Parking:
8
Parking type:
-
Property type:
Multiplex
Heating type:
Natural Ga
Style:
Other
MLS Size:
12240 sqft
Lot front:
75 Ft
Lot depth:
146 Ft
Listed on:
Nov 6, 2024
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