About this property

Ready for an investment that's got both style and cash? Nestled on a peaceful cul-de-sac in the Upper Beaches, this 3-unit property is more than just eye candy - it's a moneymaker. Altogether, the property pulls in an impressive $8,400 per month in rent across its three units, including a sweet, loft-style basement apartment. Smart investors will recognize the goldmine here, with 4 parking spots and the added potential for a laneway suite, offering even more opportunity for future value and income growth. Renovated from top to bottom in 2011 with over $300K in upgrades, all done with proper permits, this property is registered with the City of Toronto as a legal 3-unit dwelling. Each unit boasts 2 spacious bedrooms, ensuite laundry, and fully equipped modern kitchens. And here's the kicker: with 2 of the 3 units currently vacant, the cap rate stands at 5.76% with positive cash flow - a rare find in Toronto's competitive market! But wait, there's more: if the 3rd unit were also brought to market rent, the cap rate would jump to an impressive 6.19% - wowzers! Since the main floor and basement are completely vacant, you can either move in yourself or rent them out at market value. Plus, all three units come with private decks, perfect for those chill moments or hosting guests. Whether you're looking for a turnkey investment or a stunning home with rental income, this one has it all. Act fast, because this gem won't last!

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	E9363974
Status	Sold
Listing Type	For Sale
Property Type	Semi-Detached
Interior Size	2,500 sq ft
Beds / Baths	6 bed · 3 bath
Neighbourhood	Woodbine Corridor
City	The Beaches / Upper Beaches
Postal Code	M4L 2K3
Province	ON
Listed Date	September 23, 2024
Brokerage	RE/MAX ULTIMATE REALTY INC.