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$3,700,000
Est. payment /mo
4,572 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 4,572 sqft
Price per Sqft $809
Subdivision Cabbagetown-South St. James Town
MLS Listing ID C12082803
Annual Tax Amount $18,355
Tax Year 2024
Property Sub-Type Investment
Property Description
Originally built in 1905, this three-story walk-up has been modernized and now features 13 self-contained units in the historic and vibrant Cabbagetown neighborhood. The unit mix consists of 10 bachelor units and 3 one-bedroom units, all separately metered. Each unit has been renovated with machined hardwood flooring, modern finishes, and contemporary appliances. Designed for comfortable and efficient living, the bright and well-lit units provide excellent access to all amenities in Toronto's downtown core. Strategically located, the property is just steps from the Street Car, and within walking distance of the University of Toronto, Toronto Metropolitan University, and George Brown College. It is also in close proximity to Dundas Square and Torontos Financial District, making it an attractive option for professionals and students alike. This investment offers a stabilized, market-rate asset with a strong capitalization rate, exceeding industry averages for the area delivering immediate value on Day 1 of ownership.
Location
Province ON
County Toronto
Community Cabbagetown-South St. James Town
Area Toronto
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 25.03
Lot Depth 120.11
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Listed by KAIZEN CAPITAL REALTY PARTNERS