Prudent Investment Vehicle, or Live in the Heart of the Annex and Cover your Mortgage Payments. An outstanding opportunity on a friendly Annex street, with Palmerston Elementary, Essex, and Harbord Collegiate catchment. Short walk to UofT and George Brown Campuses.
This well-maintained three-storey semi-detached home offers three self-contained residential suites, established rental income and exceptional flexibility in one of Toronto's most sought-after neighbourhoods. An appealing option for investors, end-users seeking income to help offset ownership costs, or those considering a future multi-generational or single-family home. The upper two floors feature a three-bedroom suite ($2,780/month), the main floor a one-bedroom suite ($1,845/month), and the basement a bachelor suite ($938/month).
Total current rental income of $5,563/month. All three tenancies are month-to-month. A compelling opportunity to secure a versatile income property in an established, highly walkable downtown neighbourhood, with long-term potential to make it your own.
Each unit has its own laundry facilities. UPGRADES BY SELLER: Significant improvements over the years include basement underpinning and floor lowering, roof replacements, updated 1st-floor windows, furnace, and replacement of the main drain from the street. Additional upgrades include a sump pump, backwater valve, and basement flooring (2021), along with a renovated main-floor kitchen and updated appliances throughout the 3 suites.
A well-maintained property with substantial investment in key structural and mechanical components.
3 Fridges, 3 Stoves, 3 washers, 3 dryers, 3 Exhaust Hoods, All Electric Light Fixtures, All Window Blinds, Shed in yard, Sump Pump.
