Added 1 week ago
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Type: Investment
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Property Type: Commercial
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Business Type: Apts-6 To 12 Units
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Zoning: RD (F6; A185; d0
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Age: No Data
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Taxes: 17853.18
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MLS®#: E10413083
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Days on Site: 2 Days
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Added: Nov 06, 2024 (1 week ago)
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Updated:
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Last Checked: 4 hours ago
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Listed By: RE/MAX GOLD REALTY INC.
This exclusive 12-unit apartment building in Torontos East End offers a high-yield investment with a 2023 net operating income of $313,042 and a 5.8% cap rate. With 1 bachelor unit and 11 two-bedroom units, this 3-storey walk-up features intercom access, coin-operated laundry, and 8 rentable parking spaces, all designed to maximize income potential. Strategically upgraded, the property includes renovated kitchens, bathrooms, fresh paint, modern flooring, and 100-amp panels in each unit. A new boiler (2021) and 13 hydro meters add efficiency, making it an attractive choice for tenants and owners. Located near Danforth Village, Main Street 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 rates make this area highly sought-after with low vacancy rates. With limited new construction, this property stands out as a turnkey investment with strong cash flow in a growing market.
Extras
Data room available for interested buyers. Review brochure and financials for more info
Property
Status: Sale
Type: Apts-6 To 12 Units
Property Type: Investment
Property Type: Apartment
Net Income: 313043
Area: Toronto
Community: Crescent Town
Availability Date: Immediate
Assessment Amount: $1,854,000
Assessment Year: 2024
Inside
Air Conditioning: N
Utilities
Utilities: Available
Building
Heat Type: Gas Hot Water
Elevator: None
Energy Certificate: N
Green Verification Status: N
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: Outside/Surface
Covered Parking Spaces: 7
Fees
Tax Year: 2024
Tax Legal Description: PT LT 55 PL 1351 TWP OF YORK AS IN CA533498, TORONTO (E YORK), C
Taxes: $17,853
Expenses: Act
Insurance Fee: 5686
Operating Fees: 74727
Hydro Expense: 11817
Heat Expenses: 7917
Taxes Type: Annual
Taxes: 20910
Tax Year: 2023
Water Fees: 13507
Land
Cross Street: Danforth & Main St
Municipality District: Toronto E03
Parcel Number: 104320656
Sewer: San+Storm
Lot Depth: 146.79 Feet
Lot Frontage: 75.09 Feet
Lot Irregularities: 36.27 x 75.09 x 146.9
Zoning: RD (F6; A185; d0
Commercial Specific
Total Area: 12240
Total Area Metric: Sq Ft
Office Size: 100
Office Size Metric: %
Area Influence: Public Transit
Area Influence: Subways
Franchise: N
Tangible Property Included: Y
Lot Code: Lot
Financial Statement: N
Gross Income/Sales: 387770
William J McCordic School
Elementary: PublicD A Morrison Middle School
Elementary: PublicSt Nicholas Catholic School
Elementary: CatholicGledhill Junior Public School
Elementary: PublicSecord Elementary School
Elementary: PublicGeorge Webster Elementary School
Elementary: PublicEast York Alternative Secondary School
Secondary: PublicNotre Dame Catholic High School
Secondary: CatholicMonarch Park Collegiate Institute
Secondary: PublicNeil McNeil High School
Secondary: CatholicEast York Collegiate Institute
Secondary: PublicMalvern Collegiate Institute
Secondary: Public
- 0 bath
- 0 bed
3025 Queen Street East, Toronto, Ontario • M1N 1A5 • Birchcliffe-Cliffside
