Office Listings
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- E12160679
- Bus Major:
- Apts - 2 To 5 Units
- Photos (26)
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6% CAP RATE! Rare multi-unit investment in prime Danforth location. Upgraded 4-unit property offering a current 6% cap rate and A+ tenants. Literally steps to the subway, this turnkey opportunity features a 2-bedroom unit across main and basement levels with updated kitchen and walkout to south-facing yard. Upper levels each offer bright 1-bedroom units; the top floor with loft-like feel and balcony. The newly underpinned basement bachelor has a private walkout, separate entrance, and upgraded foundations and drainage. Secure common entrance with laundry, bike storage, and solid double-car garage with laneway house potential. Significant capital improvements already completed. Stable income in a high-demand rental market with future upside. 1 x 2-Bedroom Unit: Spanning the main and lower levels, this unit features a renovated kitchen with smart hotplates, ample counter space, and access to a south-facing backyard. Includes one bedroom on the main floor and a second bedroom with a large bathroom and generous storage in the high basement. 1 x 1-Bedroom Unit (Second Floor): Bright and spacious with abundant natural light, offering an open layout and comfortable living space. 1 x 1-Bedroom Unit (Third Floor): Loft-style unit with a walkout to a private balcony and unobstructed views, creating a unique and airy living space. 1 x Bachelor Suite (Basement): Newly underpinned and upgraded, featuring its own private walkout, separate entrance, sun-filled living area, new foundations, drainage system, and sump pump. Total 3,239 square feet including basement (Floorplans). FREE property management services for one year, ask LA for details. November 2024 Home Inspection available
- Property Type:
- Commercial
- Property Sub Type:
- Investment
- Freestanding:
- Yes
- Approx. Age:
- 100+
- Total Area:
- 3000 sq. ft. Square Feet
- Total Area:
- 3,000 sq. ft.279 m2
- Depth:
- 125'38.1 m
- Frontage:
- 20'2"6.15 m
- Lot Shape:
- Rectangular
- Water supply:
- Municipal
- Zoning:
- Residential
- Heating type:
- Gas Hot Water
- Survey Available:
- No
- Garage:
- None
- Parking Spaces:
- 2
- Possession Details:
- 30 Days _ TBA
- HST Applicable To Sale Price:
- Not Subject to HST
- Type Taxes:
- Annual
- Taxes:
- $6,745 / 2024
- Assessment:
- $- / -
- Toronto E03
- Danforth
- Toronto
- Public Transit
- Hot water tanks are $40/month rental, buyer to assume
- 4 Fridges & 3stoves, 1 Ovens, 1 washer, 1 dryer, 2 hot plates, 3 dishwashers, 3 microwaves, 2 window AC units,
- All Personal Property Of The Tenants.
- None
- Utilities:
- Yes
- Sewers:
- Sanitary+Storm
- Air Conditioning:
- Yes
- Seller Property Info Statement:
- No
- Major Business Type:
- Apts - 2 To 5 Units
- Category:
- Apartment
- Franchise:
- No
- Chattels:
- Yes
- Date Listed:
- May 20, 2025
- Original Price:
- $1,499,900
- Previous Price:
- $1,499,900
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Listed by HARVEY KALLES REAL ESTATE LTD.
Data was last updated July 4, 2025 at 06:15 AM (UTC)
- DAVID HARLAND
- HARVEY KALLES REAL ESTATE LTD.
- 1 (416) 5284149
- Contact by Email
The enclosed information while deemed to be correct, is not guaranteed.