Opportunity to own a beautifully renovated and high performing investment property with upside potential. The property consists of five (5) residential and one (1) commercial storefront. This property is conveniently located and just a short walk to Victoria Park Station. NOI (2024) was $140,806.07. The property is being offered to the market at a 6.3% cap rate. All details to be verified by buyer and buyer's agent.
Address
3224 Danforth Avenue
List Price
$2,250,000
MLS® Status
New
Expiration Date
2026-02-06
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Toronto E06
Sub-Area
Oakridge
Region
Toronto
Bathrooms
6
Lot Size Source
MPAC
Lot Depth
110
Lot Shape
Rectangular
Lot Type
Building
Lot Size Units
Feet
Lot Width
20
Parcel Number
064600146
Total Building Area
4000
Occupant Type
Tenant
Cross Street
Victoria Park & Danforth Avenue
MLS® Number
E12610352
Listing Brokerage
KAIZEN CAPITAL REALTY PARTNERS
Basement
Yes
Postal Code
M1L 1C1
Posession Details
On closing
Tax Amount
$7,582.75
Tax Year
2024
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Hot Water
Cooling Features
Yes
Garage Type
None
Security Features
No