TYPE: Row
STATUS: Sold
PRICE: $949,000
BEDROOM(S): 6
BATHROOM(S): 3
NEIGHBOURHOOD: South Riverdale
Hate forms? Call or text me at (416) 357-7177 or email trevor@trevorbond.ca
Solid Income. Solid Investment.
This prime Riverdale legal three unit 3-storey income property delivers options for most any discerning Buyer:
The home consists of one basement unit with common front lobby entrance and separate private rear entrance, a very large bedroom, washroom and combined living and kitchen area. Warm and dry. The two-bedroom main floor unit also has two entrances, a private rear deck, lots of closets and storage space, private laundry, high ceilings and a picture window facing west. The newly renovated three-bedroom unit spans two levels and features a massive eat-in kitchen with pantry, private laundry, private alternate entrance to rear, roof top terrace, ample size bedrooms, closets and storage. Spacious, naturally lit by a full-size skylight over centre open stairs, quiet & clean. Two car parking and a quaint porch top this well manicured and meticulously maintained property off. All units are host to great tenants who have all expressed a willingness to stay, although the lease statuses are month-to-month. See Financials and Features & Improvements for a detailed list of upgrades. Also available, Floor Plans and Home Inspection.
The Community
If you live in South Riverdale you can’t start a sentence without gushing over the New Broadview Hotel, a 58 room hotel and gathering spot and the gateway to Queen East. The Hotel, previous Jilly’s Strip Club, and the Don Jail were the last bastions of “quirk” that Riverdale has finally shed. Both these landmarks are within a stone’s throw, so to are some of Toronto’s best restaurants, shopping, bars, schools, TTC, bike and vehicular highways and main routes. But nothing beats the parks, small or large, for fitness or for natural splendor, this house is a pleasant walk to Toronto’s most awesome parks (and the tobogganing is not for the weak of heart).
There are few better areas to park your money than South Riverdale, the future is bright with some of the city’s biggest developments, namely Streetcar’s Riverside Square and the Unilever Site. And the city gets smaller with a proposed stop close by for the Pape Subway relief line and the Smart Track.
From the agent that set high a watermarks for his clients in Leslieville, Playter Estates, Riverdale and the Village and one of Bosley Danforth’s 2013 Five Top Producing Agents, A 2014 Top Producing Representative Company Wide and newly anointed member of the Founders Club,
Trevor Bond
Changing the way people look at real estate
Features and Improvements:
Notable Updates:
House under contract/warrantee with Enercare
Rental gas hot water tank
Inclusions:
Exclusions:
All property belonging to tenants
Financials:
The rents for the lower apartment and the main floor have been increased since they signed the original leases. Here are the current rents:
Revenues
Lower Level $840.00 as at Jan 1 2017 $852.60
Main Floor $1,316.50 as at Jan 1 2017 $1,336.25
Second/Third Floor $2,500.00 as at Jan 1 2017 $2,537.50
Annual Gross $55,878.00 as at Jan 1 2017 $56,716.20
Expenses
NOI $42,023.71
Errors And Omissions Can Happen,
Please Confirm Any Critical Information.