This updated multiplex home presents a great turnkey investment opportunity in the Earlscourt neighborhood for those interested in investing in Toronto's freehold market! Fully rented with tenants in place, this property currently generates $6,520 per month ($78,240 annually) and a cap rate of 5.1% with potential for higher market rents. Live in the upper unit and have $4,265 monthly income .The house comprises 2 x 2-bedroom apartments on the upper levels and 1 x 1-bedroom apartment and 1 bachelor suite on the lower level, all with separate private entrances. The front basement apartment has a street-facing entrance. Additionally, the detached garage offers potential for a laneway suite build. The home boasts solid finishes throughout, such as hardwood floors on the upper levels, granite counters, and recently renovated bathrooms. There's a coin-operated mutual laundry area, and the property features central air conditioning and heating.
Address |
65 Blackthorn Ave |
List Price |
$1,275,000 |
Property Type |
Free |
Type of Dwelling |
Semi-Detached |
Style of Home |
2-Storey |
Area |
Toronto W03 |
Sub-Area |
Weston-Pellam Park |
Bedrooms |
4 |
Bathrooms |
4 |
MLS® Number |
W8219814 |
Listing Brokerage |
RE/MAX ULTIMATE REALTY INC.
|
Postal Code |
M6N 3H4 |
Tax Amount |
$3,118 |
Tax Year |
2024 |