Description
6.29% Cap rate. Massive Parkdale Mansion. 8 Units ( 4 x two bedrooms , 4 x One bedrooms ) All currently rented. Over 5000 Sq Ft. updated Units .Gross Income over $185,000.Great Tenants. Steel Roof With Lifetime Warranty. Newer Boiler With Indirect Hot Water Tank.. Very Well Maintained. Easy To Rent. Stable rental income today with strong appreciation and rent growth potential tomorrow.South Parkdale is one of Torontos most desirable multifamily investment areas offering strong tenant demand, low vacancy, and steady cash flow today, with clear upside in rent growth as the neighbourhood continues to gentrify. Steps to downtown, transit, and the waterfront, properties here combine stability with long-term appreciation potential.
Property Features
Approximate Square Footage: 3500-5000
Basement: Apartment, Separate Entrance
Exterior: Brick
Foundation Details: Concrete Block, Stone
Fronting On: West
Heat Source: Gas
Heat Type: Water
Interior Features: Sump Pump, Water Heater Owned
Parking Features: Lane
Roof: Asphalt Shingle
Sewers: Sewer