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$ 1,600,000
Est. payment /mo
New
1408 Kingston RD Toronto E06, ON M1N 1R3
13 Beds
9 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Birchcliffe-Cliffside
MLS Listing ID E12253723
Style 2-Storey
Bedrooms 13
Annual Tax Amount $7,246
Tax Year 2024
Property Sub-Type Multiplex
Property Description
6.6% Cap Rate! 6 Unit Multiplex For Sale. Plus One Non-Conforming Unit In Bsmt. 6 x 2 Bed Units. 1 x 1 Bed Unit. 3 Renovated Units (2023) Currently Owner Occupied Suite Could Be Split Into 2 units. 2nd Floor Large 2 Bed Unit Has 2 Entrances And Has Potential To Split As Well. Value-Add Opportunity For The Right Operator. All Units Have Separate Hydro Meters. 3 Gas Meters. Some Long Term Tenants But Vacant Possession Be Discussed. 2 Parking Spots On Property, One Rented From Neighbour. Flat Roof Replaced 2024. Great Investment Property For An Experienced Investor Or First Timer. Current Gross Income $130,000. Insurance $5,980, Hydro $5,400, Gas $5,400, Water $6,600. Easy Access To Subway, Beaches, Shops On Kingston Rd, TTC Bus Stop At Door Step, Birchmount Park & Community Centre. Some Virtually Staged Photos.
Location
Province ON
County Toronto
Community Birchcliffe-Cliffside
Area Toronto
Rooms
Basement Separate Entrance
Kitchen 7
Interior
Interior Features None
Cooling Central Air
Inclusions 7 Fridges, 7 Stoves, 2 CAC, 4 HWT, 1 Heat Pump & 3 Furnaces
Exterior
Parking Features None
Pool None
Roof Type Asphalt Rolled
Total Parking Spaces 3
Building
Foundation Concrete
Lited by RE/MAX WEST REALTY INC.