Rarely available Investment Opportunity To Own A Well Maintained Legal 8-Plex sitting on a large 50.5ft x 113ft double corner lot in the heart of Roncesvalles. Existing cap rate of over 4.5% with lots of upside for improved rents and potential for future density or development. Partial vacancy possible so you can set your own rents in this highly sought after neighbourhood, steps from Sorauren Park, Roncesvalles and the Lakeshore. All the above grade units have their own outdoor space. Each unit has their own electric water heater. All units have separately metered Hydro and tenants pay their own Hydro. See Floor Plans for more info.
Address
74 Sorauren Avenue
List Price
$2,990,000
Property Type
Commercial
Type of Dwelling
Investment
Area
Toronto W01
Sub-Area
Roncesvalles
County
Toronto
Lot Depth
113
Lot Type
Lot
Lot Size Units
Feet
Lot Width
50.5
MLS® Number
W11964492
Listing Brokerage
PROPERTY.CA INC.
Postal Code
M6R 2C7
Tax Amount
$13,287.12
Tax Year
2024
Heat Type
Radiant
Cooling Features
No
Garage Type
Lane