Toronto C01 M5S 2P4
Canada

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 9 BR
Bathrooms: 3
Pets: No Pets Allowed

Financials

Price:C1,300,000
($947,882)
(€806,900)
Annual Taxes:C7,508.91
505 Park Ave, New York, NY 10022

This unique and high performing duplex, generating approx 10, 900 per month in rental income, offers both current cash flow and future development potential.

    Description

    This unique and high-performing duplex, generating approx $10,900 per month in rental income, offers both current cash flow and future development potential. The property features a 3-bedroom laneway house (separately metered) and a 4-bedroom main house with an additional 2 bedrooms in the basement, providing ample space for tenants. Exciting development potential awaits! The city has expressed support for converting the property into 4 legal units fronting on Lippincott St. and 1 legal unit on Croft St., offering a rare opportunity to maximize the property value. Located in a prime downtown Toronto location, this property is a short walk to the University of Toronto, Toronto General Hospital, shopping, community centers, and more. This is an exceptional opportunity for investors looking to expand their portfolio in one of Toronto's most sought-after neighborhoods.

    Amenities

    • Accessory Apartment

    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.