Property

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

Financials

Price:C1,579,000
($1,162,049.26)
(€1,007,236.94)
Annual Taxes:C6,959.76
505 Park Ave, New York, NY 10022

Description

Unlock unmatched value in South Parkdale with this cash-flowing triplex an exceptional opportunity to own a strong income-generating asset in one of Toronto's most dynamic up-and-coming neighbourhoods. Welcome to this beautifully updated circa 1885 Victorian triplex, situated on one of the most desirable streets in South Parkdale. This stunning property features three self-contained units, each equipped with private ensuite laundry for maximum convenience. The main floor boasts a charming 600 sq ft one-bedroom unit with a walk out to a lovely urban garden. Ascend to the second and third floors to discover a spacious two-bedroom 1240 sq ft unit, thoughtfully designed over two levels, offering ample space for comfortable living. Additionally, the fully renovated 700 sq ft basement apartment features radiant heated floors, ensuring warmth and comfort year-round. The above-grade units are flooded with natural light, showcasing impressive soaring ceilings and over 2,000 sq. ft. of luxurious living space. Significant investment was made in 2022 to enhance the property's value and functionality, including new electrical systems, upgraded plumbing, a modern heating system, new Pella windows, and fully remodelled kitchens and bathrooms in both the basement and second-floor units. This triplex not only offers a unique opportunity for investors or multi-generational families but also embodies character, elegance, and modern living; all in a vibrant community. Don't miss your chance to own a piece of South Parkdale's rich history with all the modern conveniences you desire and a earn a 6%+ cap rate to boot!

Amenities

  • On Demand Water Heater
  • Separate Hydro Meter
  • Smoke Detector
  • Water Heater Owned

Unlock unmatched value in South Parkdale with this cash flowing triplex an exceptional opportunity to own a strong income generating asset in one of Toronto's most dynamic up and coming ...


    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.