$1,075,000
$1,098,800
2.2%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
4 Baths
SOLD DATE : 03/27/2024
Key Details
Sold Price $1,075,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision Humber Heights
MLS Listing ID W7281406
Sold Date 03/27/24
Style Bungalow
Bedrooms 7
Annual Tax Amount $3,380
Tax Year 2022
Property Sub-Type Fourplex
Property Description
Amazing Opportunity! Fourplex ready for your personal touch! Have 3 units paying your mortgage! Unit A will be vacant Jan 31. Can be converted into 2 separate self contained units. Unit B is tenanted and current A++ tenant wants to sign a new lease to stay. Future potential to have 4 self contained units when last tenant leaves. Currently a 5.6% cap rate. Can be up to 7.6%+ cap as a 3 unit property. Savvy investors should run the numbers on this property! Currently Providing $73k/year Rent. Can make more than $100k yearly Rent as a 4 unit property in the future with minimal money spent on renovation. Zoned as a Multiplex - Residential property with four self-contained units.
Location
Province ON
County Toronto
Community Humber Heights
Area Toronto
Rooms
Family Room Yes
Basement Finished, Separate Entrance
Kitchen 2
Separate Den/Office 3
Interior
Cooling None
Exterior
Parking Features Private
Pool None
Lot Frontage 42.5
Lot Depth 141.75
Total Parking Spaces 7
Others
ParcelsYN No
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