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$ 1,299,999
Est. payment /mo
Price Dropped by $100K
8 NINETEENTH STREET Toronto (new Toronto), ON M8V3L3
5 Beds
3 Baths
1,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $866
Subdivision New Toronto
MLS® Listing ID W12034072
Bedrooms 5
Source Toronto Regional Real Estate Board
Property Description
This highly-maintained, purpose-built triplex in Toronto's high-demand Long Branch neighbourhood a strategic investment offering immediate cash flow, significant appreciation potential, and minimal management hassle. This turnkey property boasts an exceptional location steps from Humber College's steady tenant pool and mere minutes to Lake Ontario & Colonel Sam Smith Park, ensuring premium rents and high tenant retention. The 2,655 sq ft triplex features three pristine, self-contained suites: two spacious 2-bedroom units currently generating reliable month-to-month income, and one bright vacant 1-bedroom unit ready for immediate rental or owner occupancy, maximizing your yield from day one. Ownership costs are streamlined as tenants cover their own utilities. Unparalleled walkability (3-5 minutes to restaurants, shopping, medical services; 5-10 minutes to Humber College) guarantees strong rental fundamentals. Critically, significant untapped equity exists with the highly lucrative possibility to construct an additional Lane Way/Garden Suite, dramatically boosting rental income and property value. This asset combines dependable current cash flow from a desirable location with a clear, high-impact path to substantially enhanced future returns through development, making it a standout opportunity in Toronto's thriving rental market. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Radiant heat
Cooling Window air conditioner
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2.5
Sewer Sanitary sewer
Listed by RE/MAX DASH REALTY