REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,499,990
Est. payment | /mo
6 Beds
8 Baths
$ 2,499,990
Est. payment | /mo
6 Beds
8 Baths
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Corso Italia-Davenport
MLS Listing ID W11982388
Style 3-Storey
Bedrooms 6
Annual Tax Amount $4,442
Tax Year 2024
Property Sub-Type Detached
Property Description
Prime Investment Opportunity! Fully Renovated 5-Plex with High ROI PotentialThis rare offering presents a completely remodelled 5-plex, ideally positioned for investors seeking strong cash flow and long-term value. This property is a lucrative addition to any portfolio with a projected $153,000 in gross rental income and an approximate 5% cap rate. The building features five fully self-contained units, including Three spacious 2-bed, 2-bath units (above ground), One 1-bed, 1-bath walkout unit and One bachelor apartment on the lower level. Each unit has been extensively renovated with modern, high-end finishes, including Five brand new kitchens, Eight updated bathrooms featuring sleek glass showers, New drywall, insulation, and energy-efficient pot lights, Updated electrical and plumbing systems, 8-foot ceilings in the basement for added appeal. Additional features include Four separate hot water tanks, four furnaces, and four AC units; two vacant units provide immediate rental income potential or the opportunity for owner-occupancy. Located just steps from the bustling St. Clair Ave, this property is surrounded by an array of trendy restaurants, boutique shops, and coffee spots. With its turnkey condition, strong rental income potential, and prime location, this property offers an exceptional opportunity for a hands-off investor or owner-operator.
Location
Province ON
County Toronto
Community Corso Italia-Davenport
Area Toronto
Rooms
Family Room No
Basement Finished with Walk-Out, Separate Entrance
Kitchen 5
Separate Den/Office 1
Interior
Interior Features None
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 25.0
Lot Depth 120.0
Building
Foundation Poured Concrete
Listed by RE/MAX REALTY SPECIALISTS INC.
GET MORE INFORMATION
Popular Searches