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Prime investment opportunity ideally located in the heart of Toronto between Bloor St and College St, truly the perfect Toronto location! 3 fully renovated, and self-contained, suites with significant mechanical upgrades throughout including updated wiring, HVAC, roof, windows and plumbing! Benefit from vacant units allowing you to hand select new tenants and immediately capitalize on current market rents! Ideal multi-generational home or live/rent opportunity. Parking via laneway offers possible laneway home resulting in even more property value! No tenants to assume! Potential Gross Income over $135,500 - 6.20% Cap Rate!!!. Projected Long term lease Gross Income $115,200 - 5.15% Cap Rate!!! Low property expenses due to significant property upgrades. Perfect time to take advantage of the recent interest rates cuts and secure an excellent investment property. Located in the best part of Toronto steps to Bloor St, Harbord Village, College Street, Little Italy, Ttc, U of T, Elite Schools, beautiful parks, delicious dining and all the best amenities Toronto offers! 100 Bike score, 98 Transit Score, 95 Walk Score.
Amazing Investment Opportunity in the Heart of Toronto with Vacant Possession!
City: Toronto
Neighborhood: University
Purchase Price | $1880000 |
Down Payment | $376000 |
Mortgage Insurance | $0 |
Total Mortgage | $1504000 |
Mortgage Payment | $9268 |
Property Taxes | $600 |
Maintenance Fees | $0 |
Monthly Payment | $9868 |
Located at 641 Bathurst St , this Toronto house is available for sale. This property was listed for $1,880,000 on Fri Nov 01 2024. This house's size is 20.00 x 125.00 Feet. It has 5 bedrooms and 3 bathrooms. The property includes the following rooms: Family, Kitchen, Dining, Br, Living, Kitchen, Dining, Br, Br, Br, Kitchen, Living. This property comes with 2 parking spots. 641 Bathurst St, Toronto is situated in the University neighbourhood.
MLS#: C9514418 · $1,880,000 · 5 bedroom house in University, Toronto