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$2,850,000
Est. payment /mo
5,455 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 5,455 sqft
Price per Sqft $522
Subdivision Roncesvalles
MLS Listing ID W12433477
Annual Tax Amount $13,685
Tax Year 2024
Property Sub-Type Investment
Property Description
Rarely available Investment Opportunity To Own A Well Maintained Legal 8-Plex sitting on a large 50.5ft x 113ft double corner lot in the heart of Roncesvalles. Fully leased and cash flowing with an existing cap rate of over 5%! Plenty of upside for improved rents and potential for future density in one of Toronto's most sought after neighbourhoods. Steps from Sorauren Park, Roncesvalles, Queen West and the Lakeshore. All the above grade units have their own private outdoor space. Each unit has their own electric water heater. All tenants pay their own separately metered Hydro. With lots of recent upgrades and coin-laundry, this is truly a turn-key investment. See Floor Plans and Financials for more info.
Location
Province ON
County Toronto
Community Roncesvalles
Area Toronto
Interior
Cooling Partial
Exterior
Utilities Available Yes
Lot Frontage 50.5
Lot Depth 113.0
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Listed by PROPERTY.CA INC.
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