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Active
156 BARRINGTON AVENUE Toronto (crescent Town), ON M4C4Z2
12,240 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,240 sqft
Price per Sqft $441
Subdivision Crescent Town
MLS® Listing ID E10413083
Originating Board Toronto Regional Real Estate Board
Property Description
This exclusive 12-unit apartment building in Torontos East End offers a high-yield investment with a 2023 net operating income of $313,042 and a 5.8% cap rate. With 1 bachelor unit and 11 two-bedroom units, this 3-storey walk-up features intercom access, coin-operated laundry, and 8 rentable parking spaces, all designed to maximize income potential. Strategically upgraded, the property includes renovated kitchens, bathrooms, fresh paint, modern flooring, and 100-amp panels in each unit. A new boiler (2021) and 13 hydro meters add efficiency, making it an attractive choice for tenants and owners. Located near Danforth Village, Main Street Subway, and Danforth GO, the building is ideally situated for commuters, providing easy access to downtown Toronto and nearby amenities like parks, schools, and Greektowns vibrant community. High demand and rising rental rates make this area highly sought-after with low vacancy rates. With limited new construction, this property stands out as a turnkey investment with strong cash flow in a growing market. **** EXTRAS **** Data room available for interested buyers. Review brochure and financials for more info (id:24570)
Location
Province ON
Interior
Heating Hot water radiator heat
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 7
Private Pool No
Listed by RE/MAX GOLD REALTY INC.