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11 Dennis Ave

Dennis Ave, York, Toronto, ON, M6N 2T7

6
Beds
3
Baths
$1,579,900
List Price
Details
Photos
40
Comparables
History
11 Dennis Ave, Toronto, ON - 1 of 3
11 Dennis Ave, Toronto, ON - 2 of 3
11 Dennis Ave, Toronto, ON - 3 of 3
46 days on market

Quick Summary

  • Fully renovated triplex near new transit hub
  • Abundant natural light in units
  • Immaculate two bedroom units
  • Capacious backyard and garage
  • Potential for garden suite
  • Going in cap rate 4.3 percent
  • Leveraged cap rates average 4.71 percent
  • Positive cash flow in year 2

Don't Miss Out On This Amazing Chance To Acquire A Fully Renovated, Legally Zoned Triplex In A Rapidly Gentrifying Locale, Just A Stone's Throw Away From The New Mount Dennis Go Station. Revel In The Abundance Of Natural Light That Permeates Each Of The Three Immaculate Two-Bedroom Units, Complete With Their Own En-Suite Washer/Dryer.... Show More

Don't Miss Out On This Amazing Chance To Acquire A Fully Renovated, Legally Zoned Triplex In A Rapidly Gentrifying Locale, Just A Stone's Throw Away From The New Mount Dennis Go Station. Revel In The Abundance Of Natural Light That Permeates Each Of The Three Immaculate Two-Bedroom Units, Complete With Their Own En-Suite Washer/Dryer. Additionally, Take Advantage Of The Capacious Backyard And Garage, Which Could Potentially Accommodate A Garden Suite To Further Enhance The Property's Density. Investment Ratios Going In Cap Rate: 4.3% Leveraged Cap Rate Based On 40% Down, At 5.25%: Avg 4.71% Leveraged Cap Rate Including 5% Appreciation Per Annum: 20.33% Positive Cash Flow After Debt: Achieved In Year 2

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Property Details

Size

Sq. Ft. Not Available
12 total rooms
6 Beds
4 Above Grade - 2 Below Grade
3 Baths

Parking

2 Parking Spaces
Detached

Build

Year Built
-
Model Name
-
Basement
Fin W/O
Exterior
Brick
Foundation
-
Builder Name
-
Stories
-
Flooring
Vinyl Floor
Roof
-

Heating & Cooling

Heating
Baseboard
Cooling
Wall Unit

Utilities

Water
-
Sewer
Sewers
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Rooms

Living

25′11″ x 22′11″

Kitchen

7′11″ x 10′8″

Prim Bdrm

26′2″ x 10′11″

2nd Br

26′2″ x 10′11″

Living

11′8″ x 13′1″

Kitchen

9′8″ x 13′11″

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Ownership Details

Ownership

Title
Freehold
Zoning
-

Taxes

Property Tax Year
2023-01-01
Property Tax Amount
$5,040.91

Source

Listing Brokerage

MLS® Listing
W8195470
Last Updated
April 12, 2024
Brokerage
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Call us 800-591-0566

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