Beautifully renovated 3 unit building (legal non-conforming duplex, with spacious basement apartment) in trendy Corktown steps to public transit, GO Station, mountain access & James Street amenities. Building currently grosses $5,100/ monthly (Main Floor Unit: $1,800 + hydro, Upper Unit: $1,900 + hydro, Lower Unit: $1,400 all inclusive), which gives the ability to cash flow at ~$700/ monthly/ 5.44% cap rate with 20% down at a 4.99% interest rate (30 year amortization) with current rents & liabilities in place. Building features a new furnace, newer roof, luxury vinyl plank flooring, quartz countertops and stainless steel appliances. Each unit boasts large floor plans with great flow. Upper unit is complete with soaring ceiling heights, exposed brick & a private patio area. Main floor is a large 800 sqft, one bedroom apartment with an additional private patio area. Basement apartment has a private separate entrance with a walk-out to the side yard. All units are occupied by single tenants. ***Can be packaged with property next door (25 Grove St), to allow for 6 unit purchase***. Book your showing today! (id:51532)
Tags
Property Summary
Property Type
Single Family
Building Type
House
Storeys
2.5
Square Footage
1482 sqft
Title
Freehold
Land Size
20 x 92|1/2 - 1.99 acres
Parking Type
No Garage
Building
Bedrooms
Above Grade
2
Below Grade
1
Bathrooms
Total
3
Interior Features
Appliances Included
Dishwasher, Dryer, Refrigerator, Stove, Washer & Dryer, Range
Basement Type
Full (Finished)
Building Features
Features
Park setting, Park/reserve, Paved driveway, Laundry- Coin operated
