Quick Summary
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.
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Property Details
Size
Parking
Build
Heating & Cooling
Utilities
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″
Ownership Details
Ownership
Taxes
Source
Listing Brokerage
Book A Private Showing
For Sale Nearby
Sold Nearby
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- 3
- 1,100 - 1,500 Sq. Ft.
- 3
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- 2
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