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4 Casci Ave

Casci AveEast EndTorontoON, M4L 2K3

6
Beds
3
Baths
2,500 - 3,000
Sq. Ft.
$1,575,000
List Price
4 Casci Ave, Toronto, ON - 1 of 3
4 Casci Ave, Toronto, ON - 2 of 3
4 Casci Ave, Toronto, ON - 3 of 3
New
5 days on market

Quick Summary

  • Lucrative 3-unit investment property
  • Impressive $8,400 monthly rental income
  • Renovated in 2011 with $300K upgrades
  • Registered as legal 3-unit dwelling
  • 2 vacant units offer 5.76% cap rate
  • Potential 6.19% cap rate with 3rd unit
  • Main floor and basement currently vacant
  • Private decks for each unit

Ready for an investment that's got both style and cash? Nestled on a peaceful cul-de-sac in the Upper Beaches, this 3-unit property is more than just eye candy - it's a moneymaker. Altogether, the property pulls in an impressive $8,400 per month in rent across its three units, including a sweet, loft-style basement apartment. Smart... Show More

Ready for an investment that's got both style and cash? Nestled on a peaceful cul-de-sac in the Upper Beaches, this 3-unit property is more than just eye candy - it's a moneymaker. Altogether, the property pulls in an impressive $8,400 per month in rent across its three units, including a sweet, loft-style basement apartment. Smart investors will recognize the goldmine here, with 4 parking spots and the added potential for a laneway suite, offering even more opportunity for future value and income growth. Renovated from top to bottom in 2011 with over $300K in upgrades, all done with proper permits, this property is registered with the City of Toronto as a legal 3-unit dwelling. Each unit boasts 2 spacious bedrooms, ensuite laundry, and fully equipped modern kitchens. And here's the kicker: with 2 of the 3 units currently vacant, the cap rate stands at 5.76% with positive cash flow - a rare find in Toronto's competitive market! But wait, there's more: if the 3rd unit were also brought to market rent, the cap rate would jump to an impressive 6.19% - wowzers! Since the main floor and basement are completely vacant, you can either move in yourself or rent them out at market value. Plus, all three units come with private decks, perfect for those chill moments or hosting guests. Whether you're looking for a turnkey investment or a stunning home with rental income, this one has it all. Act fast, because this gem won't last! Lots of features to be highlighted - see attached cash flow analysis, feature sheet along with the floor plans, virtual tour and walk through video! Public Open House this weekend Sat/Sun Sept. 28-29th from 2-4pm.

Additional Media

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Property Details

Size

2,500 - 3,000 sq. ft.
12 total rooms
6 Beds
4 Above Grade - 2 Below Grade
3 Baths

Parking

4 Parking Spaces
None

Build

Year Built
1925 - 1973
Model Name
-
Basement
Apartment, Fin W/O
Exterior
Brick
Foundation
-
Builder Name
-
Stories
-
Flooring
Hardwood Floor, Tile Floor, Concrete Floor
Roof
-

Heating & Cooling

Heating
Forced Air
Cooling
Central Air

Utilities

Water
-
Sewer
Sewers
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Rooms

Living

14′7″ x 12′2″

Dining

8′2″ x 9′5″

Kitchen

7′10″ x 9′1″

Prim Bdrm

9′1″ x 13′3″

2nd Br

9′10″ x 9′1″

Living

14′7″ x 12′2″

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Ownership Details

Ownership

Title
Freehold
Zoning
-

Taxes

Property Tax Year
2024-01-01
Property Tax Amount
$7,160.05

Source

Listing Brokerage

MLS® Listing
E9363974
Last Updated
September 25, 2024
Brokerage
RE/MAX ULTIMATE REALTY INC.
Call us 800-591-0566

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