Toronto C08 M4Y 1M2
Canada

Property

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

Financials

Price:C1,950,000
($1,397,019)
(€1,198,983)
Annual Taxes:C9,916
505 Park Ave, New York, NY 10022

Rare opportunity to acquire a Legal Tri Plex in the heart of Downtown, with potential to easily convert to a 4 PLEX.

Description

Rare opportunity to acquire a Legal Tri-Plex in the heart of Downtown, with potential to easily convert to a 4 PLEX. Numerous large-scale developments in the area. Huge upside potential as there is a high-probability for this property to be included in a land-assembly for future area development (various options currently being discussed). Property needs work and offered in an As-Is condition, however can be renovated into 3-4 beautiful rental units commanding $120k-$150k/year revenue. Many original character features include exposed brick throughout, soaring-high 10ft ceilings on the Main & Second Floors and 9Ft ceilings on Third floor, crown-moulding & trim work, original front door, etc. Front pad parking has been in continuous use for over 60 years (contact Listing agent for info on parking).

Amenities

  • Downtown
  • In-Law Suite
  • Natural Gas
  • Wood

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.