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$5,399,888
Available - For Sale
Listing ID: E10413083
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
Price $5,399,888
Taxes: $17,853.18
Tax Type: Annual
Assessment: $1854000
Assessment Year: 2024
Occupancy by: Tenant
Address: 156 Barrington Ave , Toronto, M4C 4Z2, Ontario
Postal Code: M4C 4Z2
Province/State: Ontario
Legal Description: PT LT 55 PL 1351 TWP OF YORK AS IN CA533
Lot Size: 75.09 x 146.79 (Feet)
Directions/Cross Streets: Danforth & Main St
Zoning: RD (F6; A185; d0
Category: Apartment
Use: Apts-6 To 12 Units
Building Percentage: Y
Total Area: 12,240
Total Area Code:  Sq Ft
Office/Appartment Area: 100
Office/Appartment Area Code: %
Area Influences: Public Transit   Subways
Financial Statement: N
Chattels: Y
Franchise: N
Taxes Expense: $20910
Insurance Expense: $5686
Maintenance: 4,842.39
 Heat Expenses: $7917
 Hydro Expense:  $11817
Water Expense: $13507
Gross Income/Sales: $387770
Operating Expenses: $74727
Net Income Before Debt: $313043
Year Expenses: 2023
Expenses Actual/Estimated: $Act
Heat Type: Gas Hot Water
Central Air Conditioning: N
Elevator Lift: None
Sewers: San+Storm
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX GOLD REALTY INC.

156 Barrington Ave , Toronto, M4C 4Z2, Ontario


 
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At a Glance:
Type: Com - Investment
Area: Toronto
Municipality: Toronto
Neighbourhood: Crescent Town
Style:
Lot Size: 75.09 x 146.79(Feet)
Approximate Age:
Tax: $17,853.18
Maintenance Fee: $4,842.39
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