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$ 3,399,999
Est. payment /mo
Price Dropped by $100K
531 Delaware AVE N Toronto C02, ON M6H 2V3
10 Beds
10 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Municipality Toronto C02
Subdivision Wychwood
MLS Listing ID C12843388
Style 3-Storey
Bedrooms 10
Annual Tax Amount $14,678
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Prime downtown Toronto investment opportunity. This well-maintained 6-plex features four spacious two-bedroom, two-bathroom units with in suite laundry and smart layouts that attract reliable tenants. A versatile laneway house adds bonus income potential for a total of 6 legal units. Built in 2022, this property is NOT subject to rent control. All units are occupied by professional AAA tenants, delivering a true set-it-and-forget-it stabilized asset with strong, predictable cash flow. Annual revenue of $179,400 with an impressive 5%+ cap rate. Underwriting documents, detailed financials, rent rolls, and supporting supplements are available upon request. A rare opportunity in one of the city's most desirable urban cores. Do not let it pass you by.
Location
Province ON
County Toronto
Community Toronto C02
Area Toronto
Rooms
Family Room No
Basement Apartment
Kitchen 6
Interior
Interior Features Carpet Free
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Flat
Lot Frontage 22.5
Lot Depth 123.8
Total Parking Spaces 1
Building
Foundation Concrete
Others
ParcelsYN No
Virtual Tour https://vimeo.com/1166840361?fl=pl&fe=sh
Listed by Royal Lepage Real Estate Associates