Listing Details
Co-op commission: 2.5%
Subtype: Multiplex
Zoning: CR
Parking spaces: 2
Floors: 3
Beds: 11
Baths: 5
Financial Details
Net operating income: $110,000
Percent leased: 100%
Cap rate: 5%
Description
Four Dwelling Units, Fully Tenanted, $110K Net Income, 5% Cap Rate W/ Massive Upside In Rents. $130,000 NOI Once Re-Leased At Market Rents. Traditional Cabbagetown. Updated & Extraordinarily Well-Maintained. Main Lvl 3 Beds, 2nd Lvl 4 Beds, 3rd Lvl 1 Bedroom & Balcony, Basement 3 Beds. Rear Access Through Laneway For Dual Vehicle Parking. All Units Equipped With Hydronic High-Efficiency Heated Floors. Fantastic Tenants. Over 700K Spent On Renovations Since Owned. Windows 2018, Plumbing 2008, Flat Roof 2016. Laneway Suite Potential At Rear w/ Ability To Build 4 Additional Units.
Location & nearby
This listing is located in Toronto, ON M5A 2G2
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