Property Information:
This updated multiplex home presents a great turnkey investment opportunity in the Earlscourt neighborhood for those interested in investing in Toronto's freehold market! Fully rented with tenants in place, this property currently generates $6,520 per month ($78,240 annually) and a cap rate of 5.1% with potential for higher market rents. Live in the upper unit and have $4,265 monthly income .The house comprises 2 x 2-bedroom apartments on the upper levels and 1 x 1-bedroom apartment and 1 bachelor suite on the lower level, all with separate private entrances. The front basement apartment has a street-facing entrance. Additionally, the detached garage offers potential for a laneway suite build. The home boasts solid finishes throughout, such as hardwood floors on the upper levels, granite counters, and recently renovated bathrooms. There's a coin-operated mutual laundry area, and the property features central air conditioning and heating. **** EXTRAS **** All appliances included in the sale. (id:27)
Building Features:
-
Style:
Detached
-
Building Type:
House
-
Basement Development:
Finished
-
Basement Type:
N/A
-
Construction Style - Attachment:
Semi-detached
-
Exterior Finish:
Brick, Stucco
-
Foundation Type:
Block
-
Heating Type:
Forced air
-
Heating Fuel:
Natural gas
-
Cooling Type:
Central air conditioning
-
Appliances:
Dryer, Refrigerator, Stove, Two stoves, Washer