16
Bedrooms
8 + 4 half
Bathrooms
10
Parking
About This Property
This 16-bedroom, 12-bathroom multiplex in Toronto is available for your consideration. 2 storeys. The property has lot dimensions of 50 x 143.9 FT, cross street St. Clair East & Mount Pleasant. The home features gas heating, window unit(s), a apartment basement, a fireplace. Highlights include a 4-car garage.
MLS Remarks
Exceptional investment opportunity in the heart of Moore Park, steps to Yonge & St. Clair. This purpose-built multi-residential property offers a true 5.86% cap rate at full occupancy. Featuring 8 suites, with 2 vacant units ready for new tenants, and one gutted suite primed for renovation. All other suites have been thoughtfully updated between turnovers, including new bathrooms, kitchens, stainless steel appliances, and ensuite laundry for all suites. Above grade suites (4) each feature 2+1 bedrooms, 1+2 bathrooms, ductless AC units, wood-burning fireplaces, tasteful renovations. Radiant heating throughout. The property includes a detached 4-car garage (brick structure, concrete foundation) with potential for tandem parking, allowing up to 10 vehicles. Generous layouts with approx. 5,340 sqft above grade and additional sq footage in the 4 lower-level suites. All suites pay own hydro separately metered. Entire building underwent a major renovation in 2017 with new kitchens, baths, plumbing, electrical, roof, eavestroughs, and boiler. An unbeatable location with easy walkability to transit, shops, schools, and library. Strong upside with vacant units ready to be leased. A rare, turnkey opportunity in one of Toronto's most desirable neighbourhoods. (id:60351)
Inclusions
Existing light fixtures, window coverings, 8 fridges, 8stoves, 8 dishwashers, 8 washers, 8dryers, 12 existing ductless AC units in main and upper suites, 4 wood-burning fireplaces (asis), and 2 boilers.
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