Property Information:
Renovate or build, two great options for this highly visible corner property in Toronto's West Junction-Wallace area. Take advantage of the existing 4-unit building: 1-Commercial and 3-Residential units, and renovate them for higher rental yields with an anticipated 8% leveraged return OR, benefit from Toronto's Major Street Initiative and create a design-build option for purpose-built multi-residential apartments. The property features a 425 sq. ft. main-floor commercial unit and three residential apartments located on the rear and upper levels. This well-maintained building offers almost 2,400 sq. ft. of above-grade space, with a flexible and income-friendly unit mix of two one-bedroom apartments and one three-bedroom apartment. Nestled in a desirable, transit-oriented location just minutes from Dufferin Station, the property benefits from strong rental demographics, excellent connectivity, and an impressive Walk Score of 88. Conveniently located near shops, restaurants, a community centre, and schools. Seller is a Registered Real Estate Agent (RREA). (id:7525)
Building Features:
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Style:
Multiplex
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Building Type:
Other
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Air Conditioning:
Yes
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Basement Development:
Unfinished
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Basement Type:
N/A
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Exterior Finish:
Brick
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Fire Protection:
Smoke Detectors
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Floor Space:
2000 - 2500 sqft
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Foundation Type:
Block
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Heating Type:
Radiant heat
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Heating Fuel:
Natural gas
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Cooling Type:
Window air conditioner
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Appliances:
Water meter