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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Pending
Purchase Type For Sale
Subdivision Rexdale-Kipling
MLS Listing ID W11822451
Annual Tax Amount $24,086
Tax Year 2024
Property Sub-Type Investment
Property Description
14 Torbolton Dr is a 16 unit apartment building with 6 - 1 bedroom suites and 10 - 2 bedroom suites. The building features four balconies, on site laundry, it is individually meter hydro, and has ample tenant parking with 10 surface stalls and 8 garages. Value add investment opportunity with over 68% upside in rental income on turnover. Their is potential to add an additional unit in the basement where the locker room is. Located in a gentrifying neighborhood with easy access to arterial transit routes. Major nearby retailers include Costco, Walmart, Canadian Tire and Home Depot.
Location
Province ON
County Toronto
Community Rexdale-Kipling
Area Toronto
Zoning RA*13
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 132.16
Lot Depth 215.26
Others
Security Features No
Listed by LENNARD COMMERCIAL REALTY
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