156 Barrington Avenue Toronto, Ontario M4C 4Z2
$5,399,888
This exclusive 12-unit apartment building in Torontos East End offers a high-yield investment with a 2023 net operating income of $313,042 and a 5.8% cap rate. With 1 bachelor unit and 11 two-bedroom units, this 3-storey walk-up features intercom access, coin-operated laundry, and 8 rentable parking spaces, all designed to maximize income potential. Strategically upgraded, the property includes renovated kitchens, bathrooms, fresh paint, modern flooring, and 100-amp panels in each unit. A new boiler (2021) and 13 hydro meters add efficiency, making it an attractive choice for tenants and owners. Located near Danforth Village, Main Street Subway, and Danforth GO, the building is ideally situated for commuters, providing easy access to downtown Toronto and nearby amenities like parks, schools, and Greektowns vibrant community. High demand and rising rental rates make this area highly sought-after with low vacancy rates. With limited new construction, this property stands out as a turnkey investment with strong cash flow in a growing market. **** EXTRAS **** Data room available for interested buyers. Review brochure and financials for more info (id:50886)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | E10413083 |
| Property Type | Multi-family |
| Community Name | Crescent Town |
| AmenitiesNearBy | Public Transit |
| Features | Irregular Lot Size |
| ParkingSpaceTotal | 7 |
Building
| Appliances | Dryer, Refrigerator, Stove, Washer |
| HeatingFuel | Natural Gas |
| HeatingType | Hot Water Radiator Heat |
| SizeInterior | 12240 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Public Transit |
| SizeDepth | 146 Ft ,9 In |
| SizeFrontage | 75 Ft ,1 In |
| SizeIrregular | 75.09 X 146.79 Ft ; 36.27 X 75.09 X 146.97 X 55.81 |
| SizeTotalText | 75.09 X 146.79 Ft ; 36.27 X 75.09 X 146.97 X 55.81 |
| ZoningDescription | Rd (f6; A185; D0.75) Multi Residential |
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Addy Saeed
Broker
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Mississauga, Ontario L5R 1B8
Harjit Kaur Minhas
Broker
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November 08 2024 03:02:24
Toronto Real Estate Board
RE/MAX Gold Realty Inc.