Property Information:
This exclusive 12-unit apartment building in Toronto's East End offers a high-yieldinvestment with a 2023 net operating income of $313,042 and a 5.8% cap rate. With1 bachelor unit and 11 two-bedroom units, this 3-storey walk-up features intercomaccess, coin-operated laundry, and 8 rentable parking spaces, all designed tomaximize income potential. Strategically upgraded, the property includes renovatedkitchens, bathrooms, fresh paint, modern flooring, and 100-amp panels in eachunit. A new boiler (2021) and 13 hydro meters add efficiency, making it anattractive choice for tenants and owners. Located near Danforth Village, MainStreet 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 ratesmake this area highly sought-after with low vacancy rates. With limited newconstruction, this property stands out as a turnkey investment with strong cashflow in a growing market.
Inclusions: Other,Fridge, Stove, Washer, Dryer, Boilers, Hot Water Tanks, Camera System, Sheds
Exclusions : Tenant Belongings
Building Features:
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Floor Space:
12240 Square Feet
