Approx 5.7% cap rate. Opportunity to own a detached triplex in the Upper Beaches, featuring 2 spacious self-contained 1-bedroom units & sun-filled 2 bedroom unit. The upper-floor unit boasts 2 balconies, main-floor unit offers a walkout to a deck and luscious backyard, and the lower unit has a separate entrance and $13,000 worth in upgrades. 1 unit is VACANT (upper level). Conveniently located just 5 minutes from The Beaches, Coxwell TTC Station, and Danforth GO. Additional highlights include a detached garage, on-site laundry, AC installed in 2019 and roof updated in 2017. 1 parking spot included.
Address
225 Gainsborough Road
List Price
$1,100,000
Property Type
Commercial
Type of Dwelling
Investment
Area
Toronto E02
Sub-Area
Woodbine Corridor
County
Toronto
Bathrooms
1
Lot Depth
100
Lot Type
Lot
Lot Size Units
Feet
Lot Width
25.84
MLS® Number
E12056956
Listing Brokerage
MYSAK REALTY INC.
Postal Code
M4L 3C7
Tax Amount
$6,187.00
Tax Year
2024
Heat Type
Gas Forced Air Closed
Cooling Features
No
Garage Type
None
Kitchens Total
3