Rarely available Investment Opportunity To Own A Well Maintained Legal 8-Plex sitting on a large 50.5ft x 113ft double corner lot in the heart of Roncesvalles. Fully leased and cash flowing with an existing cap rate of over 5%! Plenty of upside for improved rents and potential for future density in one of Toronto's most sought after neighbourhoods. Steps from Sorauren Park, Roncesvalles, Queen West and the Lakeshore. All the above grade units have their own private outdoor space. Each unit has their own electric water heater. All tenants pay their own separately metered Hydro. With lots of recent upgrades and coin-laundry, this is truly a turn-key investment. See Floor Plans and Financials for more info.
Address
74 Sorauren Avenue
List Price
$2,850,000
MLS® Status
New
Expiration Date
2025-12-31
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Toronto W01
Sub-Area
Roncesvalles
Region
Toronto
Lot Size Source
MPAC
Lot Depth
113
Lot Type
Lot
Lot Size Units
Feet
Lot Width
50.5
Parcel Number
213880078
Total Building Area
5455
Occupant Type
Tenant
Cross Street
Queen/Sorauren
MLS® Number
W12433477
Listing Brokerage
PROPERTY.CA INC.
Postal Code
M6R 2C7
Parking Spaces
3
Tax Amount
$13,685.00
Tax Year
2024
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Radiant
Cooling Features
Partial
Garage Type
Outside/Surface
