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7.48% CAP RATE! A remarkable 15-unit Corner Building, located in the best High Park - Junction Neighbourhood in Toronto. 11,221 Square Foot building consists of 13 recently renovated residential units and 2 commercial units. Net Income has been increased substantially in the last couple of months with legacy tenant turnover. True Net Income is $299,359 including 5% management fee and proper repairs and maintenance expenses. The residential units are very spacious with perfect layouts, and all have their own Separate Laundry and HVAC. All the units are Separately Metred for Hydro and Gas. All Mechanicals, Electrical, Plumbing and HVAC have been Upgraded. This is the time to buy! Be the savvy investor who bought at such a High Cap Rate as interest rates continue to go down! (37074981)
Property Type
Multi-family
Annual Property Taxes
$26,755 (CAD)
Time on REALTOR.ca
29 days
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