Toronto E03 M4J 2B2

Property

Ownership: For Sale
Type: Unknown
Rooms: 11
Bedrooms: 4 BR
Bathrooms: 3
Pets: Pets No

Financials

Price:C1,199,000
($858,472.01)
(€767,033.90)
Annual Taxes:C5,700.85
505 Park Ave, New York, NY 10022

Description

Introducing a prime real estate opportunity in the heart of East York - a meticulously maintained investment property with immense potential.Currently operating as a duplex with A+ tenants on the upper floor, this property is expertly structured for effortless conversion into a triplex,presenting a lucrative opportunity for savvy investors. Each unit offers its own separate entrance, has a separate 100 amp hydro meter but home could easily convert back into a single-family home, making this the perfect opportunity for an investor looking for a flexible space.This main floor unit offers a perfect blend of comfort and convenience, with a generously sized bedroom and well-appointed large kitchen with direct access to covered terrace in the backyard, as well as parking for two vehicles.Lower unit has been upgraded with vapour barrier and soundproofed and is a versatile space that can easily be transformed into a charming one-bedroom apartment. or could be the perfect opportunity for an intergenerational family setup, accommodating diverse living arrangements for modern families.Expansive upper unit boasts two bedrooms and a spacious family room with a new gas fireplace. Family room provides the option for it to double as a third bedroom, home office or cater to a variety of tenant needs.Don't miss the chance to invest in this mechanically sound property, with a new oversized state-of-the-art boiler for rads and water tank, an updated plumbing system and a foundation recently waterproofed and under warranty, this home is rare find in a coveted community. Located steps to parks, hospitals, schools, transit and all of the amenities that make East York one of the most sought after places in the GTA.

Amenities

  • Natural Gas
  • Other

Introducing a prime real estate opportunity in the heart of East York a meticulously maintained investment property with immense potential.


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.