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:47423)
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Detailed Information
Bedrooms
3
Bathrooms
3
Lot
20 x 92 ft
Amenities Nearby
Hospital, Park, Place of Worship, Public Transit, Schools
Community Features
Community Centre
Equipment
Water Heater
Features
Paved driveway
Listing Contract Date
2024-09-17
Location Description
Wellington St S to Grove St, property sits on the North side of Grove.
Ownership Type
Freehold
# of Parking Spaces
2
Property Type
Multi-family
Rental Equipment
Water Heater
Transaction Type
For sale
Zoning Description
R1a
Building
Basement Development
Finished
Basement Type
Full (Finished)
Exterior Finish
Brick
Foundation Type
Block
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Triplex
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Amenities
Hospital, Park, Place of Worship, Public Transit, Schools
Sewer
Municipal sewage system
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