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$ 1,899,000
Est. payment | /mo
4 Beds
3 Baths
2,000 SqFt
$ 1,899,000
Est. payment | /mo
4 Beds
3 Baths
2,000 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000 - 2500
Square Footage 2,000 sqft
Price per Sqft $949
Subdivision Port Credit
MLS® Listing ID W13069906
Bedrooms 4
Property Description
A rare opportunity to acquire either a well-maintained, income-producing triplex or a permit ready two 23-foot semi-detached lots to build 6 units, subject to buyer verification and approvals. The permit ready semi-detached homes will include approximately 3050sq ft of finished above-grade living space including a detached garden suite, and a fully self-contained lower-level two-bedroom apartment of approximately 1,325 sq.ft. The property currently contains a well-maintained triplex generating approximately $7,000 per month in rental income, comprised of three units at approximately $2,500, $2,500, and $2,000. All tenancies are market-rate and month-to-month, providing valuable interim income while planning or advancing future redevelopment. Ideally located just steps to the lake and the Brightwater community, the property offers walkable access to Port Credit Village amenities including shops, restaurants, cafés, Farm Boy, LCBO, pharmacy, medical offices, and convenient highway access to downtown Toronto.43 Broadview and 19 Broadview are listed concurrently, presenting a unique opportunity for builders or investors to control adjacent properties and pursue a coordinated redevelopment of up to 12 total units, subject to municipal approvals. A proposed Montbeck-built configuration supports strong rental upside, with estimated rents of approximately $5,000/month for the upper residence, $3,000/month for the lower-level suite, and $3,000/month for the detached garden suite, totaling approximately $11,000/month per semi when fully leased. End users may occupy the primary residence while generating approximately $6,000/month from secondary suites to offset carrying costs. Rental figures are illustrative only. Buyers to verify zoning, approvals, measurements, severance status, and development potential to their own satisfaction. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 8
Garage No
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Others
Virtual Tour https://youtu.be/zRltJE0luEM
Listed by RE/MAX ESCARPMENT REALTY INC.
Nearby Locations
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