A rare opportunity to purchase this high-performing LEGAL triplex just steps away from the Mount Dennis super transit hub. With an average 4.75% CAP rate and an 8.30% leveraged CAP rate, this fully renovated (gutted to the studs) triplex is an ideal investment to add to any portfolio. This turnkey opportunity offers three two-bedroom units, each spanning 1000 sq ft, each with a private ensuite washer and dryer, brand new appliances and fixtures, large windows with an abundance of natural light, new mechanicals and each unit is separately metered for hydro. The spacious backyard and detached garage offer an excellent potential for a garden suite, creating a rare opportunity to further increase the density and value. With a close proximity to a brand new public school, a nearby catholic school, excellent transit and and neighbourhood shopping, this central location ensures low vacancy and high-calibre tenants. (id:4069)
Address
11 DENNIS AVENUE
List Price
$1,499,900
Property Type
Multi-family
Type of Dwelling
Multi-Family
Area
Ontario
Sub-Area
Toronto (mount Dennis)
Bathrooms
3
Floor Area
3,000 Sq. Ft.
Lot Size
25.03 x 171.31 FT Sq. Ft.
MLS® Number
W12162812
Listing Brokerage
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Postal Code
M6N2T7
Zoning
RM (Residential Multi Zone)
