Originally built in 1905, this three-story walk-up has been modernized and now features 13 self-contained units in the historic and vibrant Cabbagetown neighborhood. The unit mix consists of 10 bachelor units and 3 one-bedroom units, all separately metered. Each unit has been renovated with machined hardwood flooring, modern finishes, and contemporary appliances. Designed for comfortable and efficient living, the bright and well-lit units provide excellent access to all amenities in Toronto's downtown core. Strategically located, the property is just steps from the Street Car, and within walking distance of the University of Toronto, Toronto Metropolitan University, and George Brown College. It is also in close proximity to Dundas Square and Torontos Financial District, making it an attractive option for professionals and students alike. This investment offers a stabilized, market-rate asset with a strong capitalization rate, exceeding industry averages for the area delivering immediate value on Day 1 of ownership.
MLS# | C12082803 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | New |
Days On Site | 14 |
Listing Provided By | KAIZEN CAPITAL REALTY PARTNERS | C12082803 427600 |
SQ Feet | 4,572 |
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Acreage | 0.10 |
Province | ON |
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Region | Toronto |
City | Toronto C08 |
Postal Code | M5A 2L1 |
Area | Cabbagetown South St. James Town |
Listing VS Median (in M5A 2L1) | |
Price: $3,700,000 low | high Med: $3,700,000 SqFt: 4,572 low | high Med: 4,572 $ / SqFt: $809 low | high Med: $809 On site: 14 low | high Med: 14.000000 |