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$4,300,000
Est. payment /mo
9,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 9,500 sqft
Price per Sqft $452
Subdivision Leaside
MLS Listing ID C12339187
Annual Tax Amount $26,376
Tax Year 2025
Property Sub-Type Investment
Property Description
Colliers (the Realtor) is pleased to present an exclusive opportunity to acquire 18 Kenrae Road, a boutique multifamily property located in the Leaside neighbourhood in East York. This is a rare opportunity to invest in a well-maintained, income-generating asset within one of Torontos most established and in-demand rental submarkets. The property offers strong rental upside and long-term value in a community known for its livability, accessibility, and stable tenant base. The property benefits from immediate access to public transit, with a TTC bus stop located just steps away, connecting directly to major subway lines. For commuters, the LRT Laird Station is currently under construction at Eglinton Avenue East and Laird Drive and is schedule to open in 2025. Don Valley Parkway is also just minutes away, providing convenient access to downtown Toronto and the broader GTA. The Property comprises 13 residential units, including 2 fully renovated suites featuring open-concept layouts, upgraded kitchens and bathrooms, and dishwashers. An additional 4 units have been partially updated with improvements to flooring, kitchens, and bathrooms. All suites are spacious and offer generous storage. 12 of 13 units feature private balconies. The property has been well maintained, with significant capital improvements already completed offering investors a turnkey asset with immediate operational stability and future upside through further unit renovations and rent optimization.
Location
Province ON
County Toronto
Community Leaside
Area Toronto
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 64.0
Lot Depth 90.0
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Listed by COLLIERS