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$1,399,999
Available - For Sale
Listing ID: W12106045
Prime Investment Opportunity! Fully renovated 5-unit building. This rare offering presents a completely remodelled five-unit property, ideally positioned for investors seeking strong cash flow and long-term value. This property is a lucrative addition to any portfolio with a $153,000 gross rental income and an approximate 5% cap rate. The building features five 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 walls, insulation, and energy-efficient pot lights, updated electrical and plumbing systems, a new roof, and underpinning providing an 8-foot ceiling in the basement for added appeal. Additional features include four separate hot water tanks, four furnaces, and four AC units. 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.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $49,750 $99,500 $149,250 $199,000
First Mortgage $945,250 $895,500 $845,750 $796,000
CMHC/GE $25,994.38 $17,910 $14,800.63 $0
Total Financing $971,244.38 $913,410 $860,550.63 $796,000
Monthly P&I $4,159.76 $3,912.06 $3,685.67 $3,409.21
Expenses $0 $0 $0 $0
Total Payment $4,159.76 $3,912.06 $3,685.67 $3,409.21
Income Required $155,991.16 $146,702.41 $138,212.69 $127,845.24

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX REALTY SPECIALISTS INC.

1640 Dufferin Stre , Toronto, M6H 3L8, Toronto

Personal Picture
MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Detached
Area: Toronto
Municipality: Toronto W03
Neighbourhood: Corso Italia-Davenport
Style: 3-Storey
Lot Size: x 120.00(Feet)
Approximate Age:
Tax: $4,442
Maintenance Fee: $0
Beds: 6+1
Baths: 8
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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