Quick Summary
Quick Summary
- Fully rented multiplex generating $78,240 annually
- Potential for higher market rents on rental units
- Detached garage with potential for laneway suite
- Solid finishes throughout including hardwood floors
- Recently renovated bathrooms in all units
- Central air conditioning and heating system
- Coin-operated mutual laundry area for tenants
- All appliances included in the sale
This updated multiplex home presents a great turnkey investment opportunity in the Earlscourt neighborhood for those interested in investing in Toronto's freehold market! Fully rented with tenants in place, this property currently generates $6,520 per month ($78,240 annually) and a cap rate of 5.1% with potential for higher market rents.... Show More
This updated multiplex home presents a great turnkey investment opportunity in the Earlscourt neighborhood for those interested in investing in Toronto's freehold market! Fully rented with tenants in place, this property currently generates $6,520 per month ($78,240 annually) and a cap rate of 5.1% with potential for higher market rents. Live in the upper unit and have $4,265 monthly income .The house comprises 2 x 2-bedroom apartments on the upper levels and 1 x 1-bedroom apartment and 1 bachelor suite on the lower level, all with separate private entrances. The front basement apartment has a street-facing entrance. Additionally, the detached garage offers potential for a laneway suite build. The home boasts solid finishes throughout, such as hardwood floors on the upper levels, granite counters, and recently renovated bathrooms. There's a coin-operated mutual laundry area, and the property features central air conditioning and heating. All appliances included in the sale.
Property Details
Size
Parking
Build
Heating & Cooling
Utilities
Rooms
Kitchen
11′3″ x 16′3″
Living
11′3″ x 16′3″
Br
9′3″ x 11′9″
2nd Br
10′5″ x 11′9″
Kitchen
11′4″ x 14′10″
Living
11′4″ x 14′10″
Ownership Details
Ownership
Taxes
Source
Listing Brokerage
Book A Private Showing
For Sale Nearby
Sold Nearby
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