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:47421)
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Detailed Information
Lot
75.08 x 146.75 ft
Amenities Nearby
Public Transit
Features
Irregular lot size
Listing Contract Date
2024-11-06
Location Description
Danforth & Main St
# of Parking Spaces
7
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
RD (F6; A185; d0.75) Multi Residential
Business
Business Type
Residential
Business Subtype
Apartments
Building
Appliances
Dryer, Refrigerator, Stove, Washer
Heating Fuel
Natural gas
Heating Type
Hot water radiator heat
Type
Multi-Family
Utility Water
Municipal water
Land
Total Size
75.09 x 146.79 FT ; 36.27 x 75.09 x 146.97 x 55.81
Amenities
Public Transit
Size of Irregular Land
75.09 x 146.79 FT ; 36.27 x 75.09 x 146.97 x 55.81
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