156 Barrington Avenue, Toronto | Image 1

156 Barrington Avenue

Toronto, Crescent Town

  • Commercial

$5,399,888
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: RD (F6; A185; d0

  • Age: No Data

  • Taxes: 17853.18

  • MLS®#: E10413083

  • Days on Site: 2 Days

  • Added: Nov 06, 2024 (1 month ago)

  • Updated:

  • Last Checked: 3 hours ago

  • 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

Map of 156 Barrington Avenue, Toronto
JK-8

William J McCordic School

Elementary: Public
0.48 km
6-8

D A Morrison Middle School

Elementary: Public
0.72 km
JK-8

St Nicholas Catholic School

Elementary: Catholic
0.48 km
JK-6

Gledhill Junior Public School

Elementary: Public
0.86 km
JK-5

Secord Elementary School

Elementary: Public
0.22 km
JK-8

George Webster Elementary School

Elementary: Public
0.96 km
9-12

East York Alternative Secondary School

Secondary: Public
1.79 km
9-12

Notre Dame Catholic High School

Secondary: Catholic
1.65 km
Pre-Grade 9-12

Monarch Park Collegiate Institute

Secondary: Public
2.31 km
9-12

Neil McNeil High School

Secondary: Catholic
2.29 km
9-12

East York Collegiate Institute

Secondary: Public
1.98 km
9-12

Malvern Collegiate Institute

Secondary: Public
1.46 km
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