Sales Representative
A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades.
Price
$3,400,000
Bedrooms
11 Beds
Bathrooms
12 Baths
Size
5000 + sqft
Year Built
Not listed
Property Type
House
Property Taxes
$18905.45
Exceptional investment opportunity in the heart of Moore Park, steps to Yonge & St. Clair. This purpose-built multi-residential property offers a true 5.86% cap rate at full occupancy. Featuring 8 suites, with 2 vacant units ready for new tenants, and one gutted suite primed for renovation. All other suites have been thoughtfully updated between turnovers, including new bathrooms, kitchens, stainless steel appliances, and ensuite laundry for all suites. Above grade suites (4) each feature 2+1 bedrooms, 1+2 bathrooms, ductless AC units, wood-burning fireplaces, tasteful renovations. Radiant heating throughout. The property includes a detached 4-car garage (brick structure, concrete foundation) with potential for tandem parking, allowing up to 10 vehicles. Generous layouts with approx. 5,340 sqft above grade and additional sq footage in the 4 lower-level suites. All suites pay own hydro separately metered. Entire building underwent a major renovation in 2017 with new kitchens, baths, plumbing, electrical, roof, eavestroughs, and boiler. An unbeatable location with easy walkability to transit, shops, schools, and library. Strong upside with vacant units ready to be leased. A rare, turnkey opportunity in one of Toronto's most desirable neighbourhoods.
Dimensions
0' × 0'
Features
Dimensions
0' × 0'
Features
Dimensions
0' × 0'
Features
Dimensions
0' × 0'
Features
Dimensions
0' × 0'
Features
Dimensions
0' × 0'
Features
Dimensions
0' × 0'
Features
Dimensions
0' × 0'
Features
Dimensions
0' × 0'
Features
Dimensions
0' × 0'
Features
Dimensions
0' × 0'
Features
Dimensions
0' × 0'
Features
Have questions about this property?
Contact MeTotal Monthly Payment
$14,290 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$2,720,000
Total Interest Payments
$1,677,046
Total Payment (Principal + Interest)
$4,397,046
Estimated Net Proceeds
$68,000
Realtor Fees
$25,000
Total Selling Costs
$32,000
Sale Price
$500,000
Mortgage Balance
$400,000
A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken has a passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.
