Rare opportunity to own a fully renovated, high income-generating residential property in prime Beach! An incredible turn-key multi-unit residence designed for savvy investors, multi-generational families, or owners looking to live in one suite while renting out the others. All six self-contained 1-bedroom units are separately metered and have been thoughtfully designed and finished. The main floor is especially appealing as an owners suite: a king-sized 1-bedroom with its own laundry and a walkout to a private Trex deck and landscaped backyard with 3-zone irrigation. Set the market rents or create your own living arrangement as all units are vacant except for the front basement suite (month-to-month tenant at $1,480/mo). Entire house has been gutted with new studs, insulation, and drywall, and has been meticulously upgraded from the ground up, including new plumbing and electrical systems (two 200-amp services and 7 separate meters), soundproofing, underpinned basement with 8 ceilings and 3 walkouts, newer roof (2019), mostly Pella windows, and energy-efficient heat pumps. Wide and deep lot (27x140) where parking for up to 4 cars is possible. No detail overlooked! Truly spectacular investment with a high cap rate in one of Torontos most sought-after neighbourhoods! Just steps from public transit, shops on Queen Street, as well as the boardwalk and lake. Pride of ownership is clear and it's a joy to show! Brochure with floor plans and projected financials for high cap rate is attached.
Property Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
3-Storey
Total Approx Floor Area:
2500-3000
Depth:
140'42.7 m
Frontage:
27'8.23 m
Lot Details:
25.00 x 140.00 Feet
Direction Faces:
East
Bedrooms:
4+2
Bathrooms:
6.0
Water supply:
Municipal
Kitchens:
6
Kitchens in Basement:
2
Bedrooms Above Grade:
4
Bedrooms Below Grade:
2
Kitchens Above Grade:
4
# Main Level Bedrooms:
0
# Main Level Bathrooms:
0
Rooms Above Grade:
14
Rooms Below Grade:
6
Rooms:
16
Ensuite Laundry:
No
Heating type:
Baseboard
Heating Fuel:
Electric
Foundation:
Concrete
Roof:
Asphalt Shingle
Basement:
Apartment, Finished with Walk-Out
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Other Structures:
Shed
Parking Features:
Mutual, Available
Parking Spaces:
4
Total Parking Spaces:
4.0
Family Room:
No
Possession Details:
TBD
Pool:
None
Link:
No
HST Applicable To Sale Price:
Included In
Taxes:
$5,593.56 /
2024
Assessment:
$- /
-
Toronto E02
The Beaches
Toronto
Beach, Lake/Pond, Public Transit, Park
Carpet Free, Floor Drain, Separate Heating Controls, Separate Hydro Meter, Water Heater Owned
Deck, Landscaped, Lawn Sprinkler System, Porch
6 fridges, 5 stoves, Bosch cooktop on main floor, front-load washer & dryer (bsmt) and 1 washer/dryer combo (main floor), 2 heat pump units, 2 window A/C units, all Hunter Douglas window roller blinds where installed, furnishings in 2nd floor rear unit and 3rd floor unit, backyard storage shed
Brick, Stucco (Plaster)
Floor
Type
Size
Other
Main
Living Room
14'9"4.50 m × 13'6¼"4.12 m
Bay Window, Open Concept, Hardwood Floor
Main
Kitchen
10'4"3.15 m × 7'5"2.26 m
Centre Island, Renovated
Main
Bedroom
11'7"3.53 m × 9'8½"2.96 m
Open Concept, B/I Closet, Hardwood Floor
Second
Living Room
10'5"3.18 m × 10'3"3.12 m
Bay Window, Open Concept, Hardwood Floor
Second
Kitchen
10'4"3.15 m × 4'6"1.37 m
Stainless Steel Appl, Open Concept
Second
Bedroom
9'7¾"2.94 m × 7'10"2.39 m
Window
Second
Living Room
9'7"2.92 m × 7'5"2.26 m
Large Window
Second
Kitchen
9'10"3.00 m × 7'2¼"2.19 m
Open Concept, Combined w/Dining, Stainless Steel Appl
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