- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- E10413083
- Bus Major:
- Apts - 6 To 12 Units
- Photos (17)
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This exclusive 12-unit apartment building in Torontos East End offers a high-yield investment with a 2023 net operating income of $313,042 and a 5.8% cap rate. With 1 bachelor unit and 11 two-bedroom units, this 3-storey walk-up features intercom access, coin-operated laundry, and 8 rentable parking spaces, all designed to maximize income potential. Strategically upgraded, the property includes renovated kitchens, bathrooms, fresh paint, modern flooring, and 100-amp panels in each unit. A new boiler (2021) and 13 hydro meters add efficiency, making it an attractive choice for tenants and owners. Located near Danforth Village, Main Street Subway, and Danforth GO, the building is ideally situated for commuters, providing easy access to downtown Toronto and nearby amenities like parks, schools, and Greektowns vibrant community. High demand and rising rental rates make this area highly sought-after with low vacancy rates. With limited new construction, this property stands out as a turnkey investment with strong cash flow in a growing market. **EXTRAS** Data room available for interested buyers. Review brochure and financials for more info
- Property Type:
- Commercial
- Property Sub Type:
- Investment
- Freestanding:
- Yes
- Total Area:
- 12240 sq. ft. Square Feet
- Total Area:
- 12,240 sq. ft.
- Office/Apt Area:
- 100 sq. ft. %
- Depth:
- 146'9½"
- Frontage:
- 75'1"
- Lot Shape:
- Irregular
- Water supply:
- Municipal
- Zoning:
- RD (F6; A185; d0.75) Multi Residential
- Heating type:
- Gas Hot Water
- Garage:
- Outside/Surface
- Parking Spaces:
- 7
- Possession Details:
- Immediate
- Lot Irregularities:
- 36.27 x 75.09 x 146.97 x 55.81
- HST Applicable To Sale Price:
- Call LBO
- Assessment:
- $1,854,000
- Assessment Year:
- 2024
- Type Taxes:
- Annual
- Taxes:
- $17,853.18 / 2024
- Assessment:
- $1,854,000.00 / 2024
- Toronto E03
- Crescent Town
- Toronto
- Public Transit, Subways
- None
- Fridge, stove, washer, dryer, boilers, hot water tanks, camera system, sheds
- tenant belongings
- None
- Utilities:
- Available
- Energy Certification:
- No
- Green Property Information Statement:
- No
- Sewers:
- Sanitary+Storm
- Air Conditioning:
- No
- Seller Property Info Statement:
- No
- Financial Statements:
- No
- Gross income:
- $387,770.4
- Net Income Before Debt:
- $313,042.94
- Expenses Actual/Estimated:
- Actual
- Heating Expenses:
- $7,917.44
- Hydro Expenses:
- $11,817.12
- Insurance Expenses:
- $5,686.2
- Tax Expenses:
- $20,910.31
- Operating Expenses:
- $74,727.46
- Water Expenses:
- $13,506.91
- Year Expenses:
- 2023
- Maintenace Expenses:
- $4,842.39
- Major Business Type:
- Apts - 6 To 12 Units
- Category:
- Apartment
- Franchise:
- No
- Chattels:
- Yes
-
Cash flowing asset 5.8% cap rate -
South Entrance
-
Main Door with Intercom
-
Unrenovated unit
-
Unrenovated unit
-
Unrenovated unit
-
Unrenovated unit
-
Renovated and updated unit
-
Renovated and updated unit
-
Renovated and updated unit
-
New Electrical Panels
-
Main Floor Mail Room
-
Shared Laundry Room
-
Separate Hydro Meters
-
Hot Water Tank
-
Rear Parking looking south
-
Rear Parking looking north
Listed by RE/MAX GOLD REALTY INC.
Data was last updated June 1, 2025 at 10:15 PM (UTC)
- RYAN TAYLOR
- ROYAL LEPAGE ESTATE REALTY
- 416.988.9825
- Contact by Email
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1052 Kingston Road
Toronto, ON, M4E 1T4