33 Landour Avenue, Keelesdale-Eglinton West M6M 4J3

Description

Attention savvy investors and portfolio builders! Welcome to 33 Landour Ave, an exceptional, turn-key legal 4-plex meticulously engineered for zero operational maintenance, maximum tenant retention, and effortless hands-off management. Nestled in Toronto's high-demand Keelesdale community, this fully detached multiplex has been completely overhauled with pristine modern finishes and stands fully stabilized with high-quality tenants. Shifting from its previous misclassification as a standard residential home, this asset represents a pure commercial-grade investment pool opportunity. This property runs like an institutional net-lease asset; all signed lease agreements are legally structured so that the tenants pay 100% of the property utilities and handle all day-to-day property maintenance, including snow and grass removal. Delivering a robust gross monthly collection of $9,600 ($115,200/year), this asset provides an incredibly stable, risk-insulated cash flow. Factoring in property taxes, equipment rentals, and other expenses, the property boasts a stabilized, approximate Net Operating Income (NOI) of $98,343 per year. The building features four completely self-contained, light-filled units, each offering independent private entrances, separate in-suite laundry, open-concept layouts, and stainless-steel appliances. Stop chasing older multi-family properties burdened with hidden renovation debt, major capital expenditure projects, and utility expense leakage. Acquire a pristine asset backed by active warranties where the leases are signed and the yield is fully secured. Complete financial packages, verified leases, and expense pro-formas are available upon request.