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$2,988,000
Est. payment /mo
5 Beds
6 Baths
UPDATED:
01/10/2025 05:38 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID C11917272
Style 2 1/2 Storey
Bedrooms 5
Annual Tax Amount $9,770
Tax Year 2024
Property Description
Discover a rare and practical investment in a premium downtown Toronto location. This grand residence at Bloor & Bathurst offers six self-contained rental units, ideal for any portfolio. It includes five functional 1-bedroom units and a spacious 2-level, 2-bedroom suite, appealing to tenants seeking the charm of a house over a condo's congestion. With no elevator waits or crowded areas, it offers serene living in a historic neighborhood. Thoughtful updates include fire safety improvements, ensuring peace of mind for landlords and tenants. Four of six units are occupied, and this property can generate a projected revenue of $12,580/mo or $151K/year when fully leased.. Unlike condos flooding the market, apartments in character homes like this are rare and desirable, offering unique charm, privacy, and location advantages. Minutes walk to Bloor Street, Bathurst subway, U of T, Mirvish Village, parks, cafes, and dining, the unbeatable location ensures univeral demand and interest. Five units enjoy private outdoor spaces, and two feature in-unit laundry. A two-car garage with laneway access adds convenience, while a laneway suite study offers future development potential. This turnkey property is a low-maintenance, high-demand investment in a historic home, perfectly positioned in one of Torontos most sought-after neighborhoods. Apartments in homes like this are timeless assets that grow in value. Dont miss this rare opportunity to secure a solid investment in the heart of the city.
Location
Province ON
County Toronto
Community Palmerston-Little Italy
Area Toronto
Region Palmerston-Little Italy
City Region Palmerston-Little Italy
Rooms
Family Room No
Basement Apartment, Finished with Walk-Out
Kitchen 6
Separate Den/Office 2
Interior
Interior Features On Demand Water Heater, Other
Cooling None
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Deck, Porch
Parking Features Lane
Garage Spaces 2.0
Pool None
Roof Type Unknown
Lot Depth 125.0
Total Parking Spaces 2
Building
Unit Features Fenced Yard,Place Of Worship,Public Transit,School
Foundation Unknown
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Listed by FREEMAN REAL ESTATE LTD.