$3,099,000 FOR SALE

Investment

Lot: 74.27 x 140.17 ftTotal Area: 5,250 ft2
2023 Taxes: $9,547.3

555 Birchmount Rd
Toronto, ON M1K 1P8 | Clairlea-Birchmount

4.6% CAP RATE! $2.27M ASSUMABLE MORTGAGE AT 2.19%! $4400 PER MONTH CASH FLOW AFTER MORTGAGE AND EXPENSES! Welcome To 555 Birchmount Rd, A Boutique 6-Plex Multi-Residential Building With Fully Renovated And Fully Tenanted Units At Market Rent In Desirable Clairlea-Birchmount! Incredible Investment Opportunity With An Assumable Mortgage At 2.19% Until December 2026! Gross Income: $167,967.56. Each Unit Has Been Meticulously Restored With All New Fixtures And Stainless Steel Appliances, Quartz Countertops, Refinished Hardwood Floors, And Air Conditioning. Five 2 Bedroom Units, And One 1 Bedroom Unit, All With Contemporary Finishes And Generous Floor Plans, In Addition To 7 Parking Spaces. Many Updates Including a Multi-Camera Security System, New NTI Commercial Tankless Hot Water System, New A.O. Smith Commercial Hot Water Tank, New Commercial Maytag Coin Operated Laundry Machines, Many New Windows, New Doors, Mini-Split Air Conditioners, Stucco Exterior, And More! Don't Miss This Opportunity To Own A Well Maintained, Well Capitalized, And Easy To Manage Investment Property. Gross Income: $167,967.56. Hydro/Gas/Water/Tax/Insurance: $25,640.81.

Extras
7 Hydro Meters. Close To All Amenities Including Shopping, Warden Station, Scarborough GO, Centennial College, Multiple Parks, And Great Schools. Easy To Manage Property With Great Tenants. See Virtual Tour Of Unit 302!

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Listed By BOSLEY REAL ESTATE LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number E9068752
Last Updated Aug 22, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 6 to 12 Units
Category Apartment
PIN 064400156
Legal Description PT LT 30 CON B SCARBOROUGH AS IN TB242336; TORONTO
Occupancy Tenant
Possession Date TBD
Taxes (2023) $9,547.3
Tax Type Annual
Directions/Cross Streets Birchmount Rd & St Clair Ave
Neighbourhood Clairlea-Birchmount
Area Toronto
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 74.27 x 140.17 ft
Total Area 5,250 ft2
Elevator None
Air Conditioning Y
Basement Y
Garage Type None
Parking Spaces 7
Heat Type Gas Hot Water
Outside Storage N
Sprinklers N
Sewers Sanitary
Utilities Y
Water Municipal
Rail N
Lot/Bldg/Unit Code Lot
Zoning RM
Seller Property Info Statement N

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