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Live in one unit and rent the other two! Welcome to this stunning property nestled on a tranquil, tree-lined residential street, perfectly positioned between Danforth and Monarch Park. This impeccably crafted 3-unit home offers a gross rent of $7450/month, presenting a lucrative income stream for savvy investors or end-users who wish to live in one of the units and rent out the others. Fully renovated in 2017 with over $400K in renovations, each unit features separate entrances, ensuite laundry, and their own heating and cooling systems. With a projected CAP rate of 5.87% and positive cash flow, this property represents a rare find in Toronto's competitive real estate market. The main floor unit and basement unit are currently vacant, offering flexibility for new owners to either move in or rent out at market rates. The second-floor unit boasts vaulted ceilings in the bedroom and bathroom, adding a touch of grandeur, while both the second-floor and main floor units feature inviting decks, perfect for relaxing or entertaining. Whether you're seeking a turnkey investment property or a stunning residence with income potential, this opportunity offers the best of both worlds.
Enjoy easy access to amenities & transportation options. The proximity to Coxwell Station makes commuting a breeze, with a mere 9-min walk. 1 designated parking spot at the rear of the property.
City: Toronto
Neighborhood: Greenwood-Coxwell
Purchase Price | $1450000 |
Down Payment | $290000 |
Mortgage Insurance | $0 |
Total Mortgage | $1160000 |
Mortgage Payment | $7148 |
Property Taxes | $427 |
Maintenance Fees | $0 |
Monthly Payment | $7575 |
Located at 122 Parkmount Rd , this Toronto house is available for sale. This property was listed for $1,390,000 on Thu May 16 2024. This house's size is 1100-1500 Sqft. It has 4 bedrooms and 3 bathrooms. The property includes the following rooms: Kitchen, Living, Br, 2nd Br, Kitchen, Living, 3rd Br, 4th Br, Kitchen, Living, 5th Br. This property comes with 1 parking spots. 122 Parkmount Rd, Toronto is situated in the Greenwood-Coxwell neighbourhood.
MLS#: E8300978 · $1,390,000 · 4 bedroom house in Greenwood-Coxwell, Toronto