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$3,300,000
Status: For Sale
Solid Investment Opportunity! Fully Leased 6-unit Corner Property (Investor Special) with a 5.49% Cap Rate! This income-generating property features 6 units, including two 2-bedroom apartments. All units have new decks, kitchens, furnaces, and updated plumbing, along with upgraded 200-amp service. The property is well-maintained with a young 8-year-old roof and 9-year-old boiler system, offering minimal maintenance and reliable cash flow. Prime Location & Development Potential: This property is situated at a high-traffic corner and offers excellent visibility and consistent rental income. With flexible commercial-residential zoning and future development potential, this is a turnkey, high-yield investment with value-add opportunities. Neighbour interest has been expressed, and the motivated seller presents a rare chance to capitalize on long-term capital appreciation. Dont miss this as-is, passive income opportunity.
| Property Type | :Commercial |
|---|---|
| MLS Number | :C8391534 |
| Listing Type | :Sale |
| Property Age | :51-99 Years |
| Possession Date | : |
| Last Updated | :27 Sep, 2024 (59 Days ago) |
| Source | :TRREB |
| Area | :Toronto |
|---|---|
| Community | : Cabbagetown-South St. James Town |
| Postal Code | :
M5A 2G4
|
| Price | : $3,300,000 |
|---|---|
| Property Taxes | :$7022.00 |
| Tax Year | :2023 |
|---|
| Cross Street | :Parliment St ; Gerrard St E |
|---|
| Fireplace/Stove | :Yes |
|---|
31 May, 2024
TREB #C8391534
Available
$3300000.0
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