Property Information:
Opportunity of a lifetime to own this Fully Renovated from Top to Bottom Multiplex in one of the most high demand areas of Long Branch, Etobicoke, Toronto, steps to the lake. Situated on a massive 70 ft. x 146 ft. lot facing East. Surrounded by Multi Million dollar homes and sprawling condo and town home developments. This 6-unit Multiplex has FIVE 2-Bedroom Apartments and ONE 1-Bedroom Apartment. All Vacant and ready to put your perfect tenant inside! Private electronic gated 10 spot parking! Tenant Green Space in front and back, great curb appeal with brick exterior, walking distance to Junior and High Schools, Lake Ontario, Parks, TTC, Gardiner Expressway, close to Long Branch GO Train. Units will rent in a heartbeat! All units fully renovated, sound proofed, with brand new Air Conditioners installed, and all units have IN-SUITE Laundry! 4 Units with Balconies. Front and Back door entry/exit. Separate Superintendent/Property manager management office, shower, kitchenette, security system on site! These 11 Bedrooms have a potential of making a conservative $220,000 in Gross Annual Income, amazing Investment Opportunity easily rented and very low tenant turnover in a high demand area. Buy now and get a foothold in the area, and reap the benefits of the investment and then tear down and build 2 multi million dollar homes down the road, or do nothing and relax as the entire multiplex has been renovated and is ready to earn you considerable return! Possibility to build additional Lane way/Garden Suite property on site. Property qualifies for a CMHC loan.
Inclusions: Other,All Existing Electrical Light Fixtures & Window Coverings. Please See Schedule C.
Exclusions : Please See Schedule C
Building Features:
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Floor Space:
7014 Square Feet
