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156 Barrington Ave

Barrington Ave, East York, Toronto, ON, M4C 4Z2

-
Beds
-
Baths
12,240
Sq. Ft.
$5,399,888
List Price
Details
Photos
17
Comparables
History
156 Barrington Ave, Toronto, ON - 1 of 3
156 Barrington Ave, Toronto, ON - 2 of 3
156 Barrington Ave, Toronto, ON - 3 of 3
New
17 days on market

Quick Summary

  • Exclusive 12-unit apartment building in prime location
  • High-yield investment with $313,042 net operating income
  • Attractive 5.8% capitalization rate for investors
  • Strategically upgraded with renovated units and modern systems
  • Convenient access to Danforth Village, subway, and GO transit
  • High rental demand and low vacancy rates in growing market
  • Turnkey investment with strong cash flow potential
  • Limited new construction in the area

This exclusive 12-unit apartment building in Torontos 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... Show More

This exclusive 12-unit apartment building in Torontos 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. **** EXTRAS **** Data room available for interested buyers. Review brochure and financials for more info (id:54626)

Property Details

Size

12,240 sq. ft.
0 Beds
0 Baths

Parking

7 Parking Spaces
-

Lot

Size
901′0″ * 1761′0″
Acres
-

Heating & Cooling

Heating
Hot water radiator heat
Cooling
-

Utilities

Water
Municipal water
Sewer
-
SHOW LESS

Source

Listing Brokerage

MLS® Listing
E10413083
Last Updated
November 8, 2024
Brokerage
RE/MAX GOLD REALTY INC.
Powered by: REALTOR.ca
Call us 800-591-0566

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