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156 BARRINGTON AVENUE Toronto

156 BARRINGTON AVENUE, Toronto, Ontario

$5,399,888

12,240 Square Feet
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. (id:50004)
  • Listing ID: E10413083
  • Property Type: Multi-family
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Details

  • Amenities Nearby: Public Transit
  • Features: Irregular lot size
  • Parking Spaces: 7
  • Transaction: For sale
  • Zoning Description: RD (F6; A185; d0.75) Multi Residential

Building

  • Appliances: Dryer, Refrigerator, Stove, Washer
  • Fireplace Present: False
  • Heating: Hot water radiator heat
  • Heating Fuel: Natural gas
  • Size Interior: 12240 sqft
  • Type: Multi-Family
  • Utility Water: Municipal water

Land

  • Amenities: Public Transit
  • Size Frontage: 75 ft ,1 in
  • Size Irregular: 75.09 x 146.79 FT ; 36.27 x 75.09 x 146.97 x 55.81

REALTOR® MLS®

Listing provided courtesy of RE/MAX GOLD REALTY INC.

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    This property for sale is located at 156 BARRINGTON AVENUE in Toronto. It was last modified on November 8th 2024. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Toronto properties for sale.

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