Great opportunity to live and rent or just as a total investment property. Top floor is a 3-bedroom unit. Second floor is a 3-bedroom unit with possible alterations. Main floor is a 2-bedroom unit. And the lower unit is a 1-bedroom unit with possibilities to change to a 2-bedroom unit. Total renovation completed in 2023. Close to 4,500 sq ft of living space. Modern decor and clean lines. 9-foot ceilings in basement, main, second, and 8-foot ceilings on the third floor. Lots of storage space. Good Cap rates for a Toronto investment property and the possibility to increase with minimal alterations to close to 5.0%. Current gross rents are $132K (including utilities) with the possibility of increasing to $150K plus utilities. See floor plans for configuration and measurements. 4 car lane parking. Shed for storage in the back. Qualified to add a laneway suite in the back to live/rent/sell. Great neighbourhood with a very good Walk Score. **** EXTRAS **** 2 Apartment sized laundry sets, Washer/Dryer. White fridge. Electric Stove, Fridge, Microwave, Dishwasher. Apartment sized fridge, 2-burner induction cooktop. Stainless Steel fridge, 2-burner induction cooktop. All electric light fixtures. (id:47421)
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Detailed Information
Bedrooms
9+1
Bathrooms
7
Lot
25 x 135 ft
Amenities Nearby
Park, Place of Worship, Public Transit, Schools
Features
Lane, Lighting, Carpet Free, In-Law Suite
Listing Contract Date
2024-12-02
Location Description
S of Gerrard, N of Dundas
Ownership Type
Freehold
# of Parking Spaces
4
Property Type
Single Family
Structures
Porch, Shed
Transaction Type
For sale
Zoning Description
Residential
Building
Basement Development
Finished
Basement Features
Separate entrance
Basement Type
N/A (Finished)
Construction Style (Attachment)
Detached
Cooling Type
Central air conditioning, Air exchanger, Ventilation system
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