Toronto C01 M6J 3B6

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 6 BR
Bathrooms: 4
Pets: Pets No

Financials

Price:C1,400,000
($1,002,120)
(€897,185.22)
Annual Taxes:C8,182.90
505 Park Ave, New York, NY 10022

Description

Talk about pride of ownership, this one scores high across all categories. First, you'll fall in love with the gorgeous victorian townhouse curb appeal. Next, it makes great money sense, as you're pulling in approximately $90,000 in NET income. Tenant quality is also fantastic as it's a true downtown 4plex with all units above ground attracting professional applicants. Detached garage parking off the laneway clears the path for your potential 1250 square foot LANEWAY HOUSE that you could rent out for well over $3,000. Finally, Trinity Bellwoods is arguably Toronto's most vibrant neighbourhood, so you've definitely taken care of location, location, location. I would say overall, the property scores 7 out of 10 in terms of condition. Lots of renovations too, like brand new porch, full reno of third floor unit and front unit on the second floor, kitchens, bathroom, some updates on the second floor rear unit, and the main floor tenant has been there a while, so not much there. The basement could use finishing to maximize rental potential. The electrical is copper, but updating to a 200 amp system is worth it, furnace, roof and A/C are mid life and the garage is original construction. So, it wouldn't take you much to make this into a 9 out of 10, as nothing is perfect:) I'll be hosting many mini open houses during the week, but not your typical weekend open house. Please reach out to make an appointment for one of the available time slots that's convenient for you.

Amenities

  • Auto Garage Door Remote

Talk about pride of ownership, this one scores high across all categories.


    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.