Toronto, Kensington-Chinatown, M5T 1C6
$3,999,999
Listed by REAL BROKER ONTARIO LTD..
Fully Renovated Multi-Unit Victorian with Newly Built 3+1 Bedroom Laneway House in Prime Downtown Central Location. This is a special combination of charm and contemporary features in one of the deepest, widest lots available on the market. Rent all the units or live in one and rent out the others. There are 3 apartments in the main house and 2 in the laneway. All units are currently rented to AAA tenants at premium market rent. These units were leased within days of listing, with multiple offers, some above asking. Each unit has its own thermostat and separate meter. ATTENTION INVESTORS: This property is hands-off, worry-free, low maintenance, and generates one of the most competitive cap rates you will find downtown. See financials attached. For details and photos of the houses, see the attached brochure. Renovations done with complete permits and survey, docs attached.
Ideal and convenient downtown location with access to public transit right out the door. Steps to Grange Park, OCAD university campus, Chinatown, Kensington Market, and King West.
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The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.
This property has been sold 3 times before. To view this property's sale price history please sign in or register:
