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$ 1,799,000
Est. payment /mo
New
117 BELLHAVEN RD Toronto E02, ON M4L 3J9
8 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Woodbine Corridor
MLS Listing ID E12529348
Style 2 1/2 Storey
Bedrooms 8
Annual Tax Amount $7,163
Tax Year 2025
Property Sub-Type Triplex
Property Description
Generating a strong 6.0+% cap rate, this solid well-cared-for triplex is ideal for investors or owner-occupiers seeking turn-key income with a comfortable lifestyle. This is a rare opportunity to set market rents - the main floor unit (currently owner-occupied) can be rented or lived in; the 2nd floor unit has reliable high-quality tenants paying market rent plus all utilities; the 3rd floor unit is currently vacant. Potential exists for a 4th unit in the basement (separate entrance) to further increase income. The home has a distinct character with decorative beams, wainscotting, feature walls, greenery, fruit trees, and berry bushes. The main floor is a 3-bedroom unit with a stunning private backyard. The 2nd floor unit is a 2-bedroom with an extra-large light-filled kitchen and front garden sitting area. Unit 3 is a 2-bedroom two-level unit with an extra-large private terrace that feels like a treehouse in Muskoka. The basement has a separate entrance, large room, and an extra-large bathroom - potential bachelor unit. The large detached garage/studio offers conversion potential for rental, workshop, or creative space. All units have en-suite laundry and dishwashers, with a shared storage shed. Prime location in Toronto's Upper Beaches area, with excellent transit, strong rental demand, and a welcoming community feel. Easy direct streetcar access to downtown for work and fun, yet far enough to enjoy tranquility among mature trees. Woodbine and Coxwell subway stations are within walking distance. Queen Street, Woodbine Beach, and the boardwalk are nearby. Walk to grocery stores, parks, gyms, cafes, banks, dog park, restaurants, and schools. Financials and capital expenditures info available upon request. A rare and exceptional income property.
Location
Province ON
County Toronto
Community Woodbine Corridor
Area Toronto
Rooms
Family Room No
Basement Apartment, Separate Entrance
Kitchen 3
Separate Den/Office 1
Interior
Interior Features Storage, Water Heater Owned
Cooling Wall Unit(s)
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 30.0
Lot Depth 95.0
Total Parking Spaces 3
Building
Foundation Unknown
Others
ParcelsYN No
Virtual Tour https://www.winsold.com/tour/419642
Listed by SUTTON GROUP-ADMIRAL REALTY INC.