16 John Best Avenue Toronto, Ontario M9N 1C3
$1,750,000
Exceptional investment opportunity! This fully renovated triplex generates nearly $120,000 in annual income, offering a strong cap rate of over 6%. Each of the three units is thoughtfully designed as a spacious 2-bedroom, 2-bath layout, with modern finishes and updated systems for peace of mind. Accessibility is prioritized with elevator access and barrier-free design, making the suites highly desirable for long-term tenants. Currently leased to reliable occupants, this property ensures stable cash flow and minimal vacancy risk. A rare chance to secure a turnkey multi-residential asset with proven performance and significant upside in a growing rental market. (id:50886)
Property Details
| MLS® Number | W12389656 |
| Property Type | Multi-family |
| Community Name | Brookhaven-Amesbury |
| Features | Wheelchair Access |
| Parking Space Total | 4 |
Building
| Bathroom Total | 6 |
| Bedrooms Above Ground | 6 |
| Bedrooms Total | 6 |
| Age | 0 To 5 Years |
| Appliances | Dishwasher, Dryer, Stove, Washer, Refrigerator |
| Architectural Style | Raised Bungalow |
| Basement Development | Finished |
| Basement Features | Walk Out |
| Basement Type | N/a (finished) |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Heat Pump |
| Stories Total | 1 |
| Size Interior | 700 - 1,100 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 125 Ft |
| Size Frontage | 40 Ft |
| Size Irregular | 40 X 125 Ft |
| Size Total Text | 40 X 125 Ft |
| Zoning Description | Residential |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
Contact Us
Contact us for more information
Jay Nusbaum
Salesperson
www.jaynusbaum.com/
www.facebook.com/jaysnusbaumhomes/?ref=hl
659 St Clair Ave W
Toronto, Ontario M6C 1A7
(416) 901-5700
(416) 901-5701
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September 08 2025 09:06:54
Toronto Regional Real Estate Board
Forest Hill Real Estate Inc.