1640 Dufferin Street

Toronto, Corso Italia-Davenport

Descripción

Prime Investment Opportunity! Fully renovated 5-unit building. This rare offering presents a completely remodelled five-unit property, ideally positioned for investors seeking strong cash flow and long-term value. This property is a lucrative addition to any portfolio with a $152,400 gross rental income and an approximate 5% cap rate. The building features five units, including three spacious 2-bed, two-bath units (above ground), plus one 1-bed, one-bath unit, and one bachelor apartment on the lower level. Each unit has been extensively renovated with modern, high-end finishes, including five brand-new kitchens, eight updated bathrooms featuring sleek glass showers, New walls, insulation, and energy-efficient pot lights, updated electrical and plumbing systems, a new roof, and underpinning that provides an 8-foot ceiling in the basement for added appeal. Additional features include four separate hot water tanks, four furnaces, and four AC units. Located just steps from the bustling St. Clair Ave, this property is surrounded by an array of trendy restaurants, boutique shops, and coffee spots. With its turnkey condition, strong rental income potential, and prime location, this property offers an exceptional opportunity for a hands-off investor or owner-operator.

This detached home located at 1640 Dufferin Street, Toronto, ON M6H 3L8 is currently for For Sale and has been available on Wedu.ca for days. This property is listed at CA$2M. It has 7 beds, 8 bathrooms, and is 2500-3000 square feet. The property is N/A years old. 1640 Dufferin Street, Toronto, ON M6H 3L8 is in Toronto neighborhood Corso Italia-Davenport.