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Turn Key Fourplex W/ Development Potential

$2,199,900

For Sale: in

TURN KEY FOURPLEX W/ DEVELOPMENT POTENTIAL

Anthony Spano

Realtor

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

256 Gerrard Street East, Toronto, ON, Canada

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Anthony Spano

Realtor

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