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$ 2,400,000
Est. payment | /mo
5,500 SqFt
$ 2,400,000
Est. payment | /mo
5,500 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 5,500 sqft
Price per Sqft $436
Subdivision South Parkdale
MLS Listing ID W12398017
Annual Tax Amount $12,585
Tax Year 2025
Property Sub-Type Investment
Property Description
6.29% Cap rate. Massive Parkdale Mansion. ( 4 x two bedrooms , 4 x One bedrooms ) All currently rented Over 5000 Sq Ft. updated Units .Gross Income over $185,000.Great Tenants. Steel Roof With Lifetime Warranty. Newer Boiler With Indirect Hot Water Tank.. Very Well Maintained. Easy To Rent. Stable rental income today with strong appreciation and rent growth potential tomorrow. South Parkdale is one of Torontos most desirable multifamily investment areas offering strong tenant demand, low vacancy, and steady cash flow today, with clear upside in rent growth as the neighbourhood continues to gentrify. Steps to downtown, transit, and the waterfront, properties here combine stability with long-term appreciation potential.
Location
Province ON
County Toronto
Community South Parkdale
Area Toronto
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 34.0
Lot Depth 153.0
Listed by RE/MAX WEST REALTY INC.
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