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$ 1,799,000
Est. payment | /mo
2,852 SqFt
$ 1,799,000
Est. payment | /mo
2,852 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,852 sqft
Price per Sqft $630
Subdivision Woodbine Corridor
MLS® Listing ID E12529352
Source Toronto Regional Real Estate Board
Property Description
Generating a strong 6.0+% cap rate, this solid well-cared-for triplex is ideal for investors or owner-occupiers seeking turn-key income with a comfortable lifestyle. This is a rare opportunity to set market rents - the main floor unit (currently owner-occupied) can be rented or lived in; the 2nd floor unit has reliable high-quality tenants paying market rent plus all utilities; the 3rd floor unit is currently vacant. Potential exists for a 4th unit in the basement (separate entrance) to further increase income. The home has a distinct character with decorative beams, wainscotting, feature walls, greenery, fruit trees, and berry bushes. The main floor is a 3-bedroom unit with a stunning private backyard. The 2nd floor unit is a 2-bedroom with an extra-large light-filled kitchen and front garden sitting area. Unit 3 is a 2-bedroom two-level unit with an extra-large private terrace that feels like a treehouse in Muskoka. The basement has a separate entrance, large room, and an extra-large bathroom - potential bachelor unit. The large detached garage/studio offers conversion potential for rental, workshop, or creative space. All units have en-suite laundry and dishwashers, with a shared storage shed. Prime location in Toronto's Upper Beaches area, with excellent transit, strong rental demand, and a welcoming community feel. Easy direct streetcar access to downtown for work and fun, yet far enough to enjoy tranquility among mature trees. Woodbine and Coxwell subway stations are within walking distance. Queen Street, Woodbine Beach, and the boardwalk are nearby. Walk to grocery stores, parks, gyms, cafes, banks, dog park, restaurants, and schools. Financials and capital expenditures info available upon request. A rare and exceptional income property. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Hot water radiator heat
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 2
Private Pool No
Others
Virtual Tour https://www.winsold.com/tour/419642
Listed by SUTTON GROUP-ADMIRAL REALTY INC.
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Nest Real Estate Group
Real Estate Team | License ID: 139039