This property is an excellent investment opportunity! With 20 residential units and one commercial tenant secured until 2031, you've got a great mix of income stability and potential for value appreciation. A 5.35% cap rate offering a great net income and good returns - see attached Property Proforma for the details. Property is self managed (proforma shown with a property management company) for the most part and has a supervisor for maintenance and cleaning.. Mostly month-to-month tenants with three vacant 1-bedroom units which could be leased at market rates currently between $1700-$2300 per month. Also allows for possible renovations to attract a higher rent. The commercial tenant ensures reliable income until December 2031. Popular high demand area due to its walkability, transit access, and vibrant community This area is part of the Greenwood-Coxwell and Leslieville neighbourhoods, known for their vibrant and trendy atmosphere. The area boasts a Walk Score of 93, meaning daily errands can be done on foot. It also has excellent transit options with a Transit Score of 73, making commuting convenient. With a Bike Score of 79, biking is a great way to get around. The neighbourhood is packed with boutique shops, gourmet restaurants, and lively cafes, making it a hotspot for food lovers and shoppers. Residents enjoy easy access to parks and beaches, offering great outdoor spaces for relaxation and recreation. The area has a mix of historic charm and modern conveniences, making it a desirable place to live. Close to many schools in the area providing a mix of academic, technical, and arts-focused programs.
Address
280 Woodfield Road
List Price
$5,795,000
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
Other
Area
Toronto E01
Sub-Area
Greenwood-Coxwell
County
Toronto
Bedrooms
11
Bathrooms
12
Floor Area
5000 + Sq. Ft.
Lot Size Units
Feet
Lot Width
50
MLS® Number
E12104199
Listing Brokerage
KELLER WILLIAMS ADVANTAGE REALTY
Basement Area
Finished
Postal Code
M4L 2W7
Parking
Other
Parking Places (Total)
7
Tax Amount
$23,858.16
Tax Year
2024
Interior Features
None
Heat Source
Other
Heat Type
Other
Cooling Features
None
Construction Materials
Brick
Direction Faces
South
Foundation Details
Unknown
Garage Type
None
Kitchens Total
11
Pool Features
None
Roof
Unknown
Security Features
Carbon Monoxide Detectors, Smoke Detector
Sewer
Sewer