Toronto W09 M9R 2K3
Canada

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 9 BR
Bathrooms: 5

Financials

Price:C1,889,000
($1,386,900)
(€1,202,800)
Annual Taxes:C5,776
505 Park Ave, New York, NY 10022

Situated on a premium 50 x 125 ft lot with 7 parking spaces, this well maintained income property offers exceptional upside potential, including the possibility of a future garden suite ...

Description

Situated on a premium 50 x 125 ft lot with 7 parking spaces, this well-maintained income property offers exceptional upside potential, including the possibility of a future garden suite (buyer to verify). Ideally located near major highways and Toronto Pearson Airport, the property benefits from strong and consistent rental demand. Two units are currently operating as short-term rentals, providing flexible income opportunities (subject to municipal compliance). Extensive renovations have already been completed, including new laminate flooring, updated kitchens and bathrooms, new doors, new asphalt, two furnaces, two A/C units, two tankless water heaters, and a roof replaced in 2013 and windows are vinyl. Tenant-paid utilities help minimize operating expenses and maximize cash flow. The building features two separate laundry areas, including on-site coin-operated laundry for additional income potential. Ample parking ensures convenience for both tenants and visitors. Impeccably maintained and truly move-in ready, this property requires no further work. Whether you're an investor seeking a turnkey income property or an end-user looking to live in one unit while generating rental income from the others, this is a rare opportunity combining location, upgrades, strong cash flow, and long-term development potential. Tenants are willing to stay, with vacant possession also available upon closing.

Amenities

  • Carpet Free
  • In-Law Suite
  • Separate Heating Controls
  • Separate Hydro Meter
  • Workbench

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.