Toronto C01 M6J 2K2

Property

Ownership: For Sale
Type: Unknown
Rooms: 17
Bedrooms: 8 BR
Bathrooms: 4
Pets: Pets No

Financials

Price:C2,200,000
($1,568,710)
(€1,355,269)
Annual Taxes:C9,750.34
505 Park Ave, New York, NY 10022

The rarest of birds a red bricked fourplex in the heart of Trinity Bellwoods.

Description

The rarest of birds: a red-bricked fourplex in the heart of Trinity-Bellwoods. A distinct downtown opportunity, offering four updated self-contained apartments in a well-maintained property, with a double garage with separate stalls, and a remarkably deep and lush lot steps from Queen West, Little Italy and the Park. 50% of the property will be vacant on closing; the main and lower one-bedrooms will be vacant soon, while the spacious upper suites, a three-bedroom on the second floor and a two-bedroom on the third, are rented month-to-month and to be assumed. That means cash flow from day one, plus immediate flexibility for live-in owners, co-ownership buyers, or investors seeking to reset rents to current market levels. The property is well maintained and thoughtfully updated: four updated bathrooms, four dishwashers, shared coin laundry, refreshed mechanicals and hydro panels and a fire escape serving all levels in the backyard offering a second egress. The recently renovated lower level features high ceilings, a new kitchen and bath, two separate entrances, and modern above-grade windows. With seven bedrooms across four apartments, ample tenant-friendly character, and a backyard that doubles as a drive-through from the garage, for a potential 3rd parking spot, this address is equal parts investment and lifestyle. Secure, versatile, and future-proof, a downtown cash flow safe haven that will keep on giving. Ask about the laneway home feasibility report. Prompt viewing recommended.

Amenities

  • Auto Garage Door Remote
  • Landscaped
  • Lawn Sprinkler System
  • Porch

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.