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South Riverdale, Toronto E01, ON M4M 1R3
$1,350,000
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
A very rare City of Toronto licensed rooming house with 14 private rooms, 6 bathrooms (some rooms with own private bathroom), 2 kitchens, and 2 car parking . This house is home to excellent tenants only, made up of high-income young professionals and university students. The property is clean, quiet, and well maintained. It offers strong income potential, with an estimated cap rate of about 7.8% when fully rented at $750 per room. Excellent location, less than 15 minutes by transit to downtown Toronto, and very close to all amenities and major transit lines. Each room is private. Kitchens and bathrooms are shared where applicable and are well maintained for simple, practical daily living. Price is firm. No vendor take-back. For More Information About This Listing, More Photos & Appointments, Please Click "View Listing On Realtor Website" Button In The Realtor.Ca Browser Version Or 'Multimedia' Button or brochure On Mobile Device App.