Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

531 Delaware Avenue N, Toronto C02, ON M6H 2V3 (Dovercourt Rd / Dupont St)
$ 3195000 - MLS : C12843388

From Our Gallery

Description

Prime downtown Toronto investment opportunity. This well-maintained 6-plex features four spacious two-bedroom, two-bathroom units with in suite laundry and smart layouts that attract reliable tenants. A versatile laneway house adds bonus income potential for a total of 6 legal units. Built in 2022, this property is NOT subject to rent control. All units are occupied by professional AAA tenants, delivering a true set-it-and-forget-it stabilized asset with strong, predictable cash flow. Annual revenue of $179,400 with an impressive 5%+ cap rate. A rare opportunity in one of the city's most desirable urban cores. Do not let it pass you by.

Location Description

Dovercourt Rd / Dupont St

Property Detail

Community: Wychwood
Property Type: Tenant/Residential Freehold
Bedrooms: 10
Bath: 10
Garages: None
Annual Property Taxes : $ 14678

Lot dimensions: sqft
Baths:

Facts and Features

Foundation Type: Concrete
Counstruction Material : Stucco (Plaster)
Total Parking Space : 1
Parking Type : None

Amenities

Heating : Forced AirGas
Sewer : Sewer ,

Listing Contracted With: Royal Lepage Real Estate Associates

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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