141 York Street

A character-filled and very spacious residential triplex (seven bedrooms in total) housed in a glorious red-brick building at the edge of the fruit belt and just east of Division on York St. Walk downtown from here, or over to the university. The main floor, and part of the basement, is taken up by a large and very pretty four-bedroom apartment that's just been professionally painted and extensively smartened up. It's vacant and ready to go. The ceilings are far-off and the rooms are large. Up above is a bright two-bedroom unit that the sellers lived in for a while. There is subway tile and there are stainless appliances and quartz counters. The Ikea cabinets are the colour of storm clouds. The one-bedroom basement unit has been painted white throughout (except for a splash of pink tile in the bathroom) and is utterly charming. There is a high-capacity on-demand boiler keeping everything warm, along with very recent windows, interior doors, insulation, etc, along with plenty of rentable parking, a carport, a sweet garden, and even a garage for you to rent out or use as a staging area for all your landlord gear. It's an unusually good offering with very reasonable income projections pushing the Cap Rate comfortably over 7%.