5.17 CAP RATE! Rare multi-unit investment in prime Danforth location. Upgraded 4-unit property offering a current 5.17% cap rate and A+ tenants. Literally steps to the subway, this turnkey opportunity features a 2-bedroom unit across main and basement levels with updated kitchen and walkout to south-facing yard. Upper levels each offer bright 1-bedroom units; the top floor with loft-like feel and balcony. The newly underpinned basement bachelor has a private walkout, separate entrance, and upgraded foundations and drainage. Secure common entrance with laundry, bike storage, and solid double-car garage with laneway house potential. Significant capital improvements already completed. Stable income in a high-demand rental market with future upside. 1 x 2-Bedroom Unit: Spanning the main and lower levels, this unit features a renovated kitchen with smart hotplates, ample counter space, and access to a south-facing backyard. Includes one bedroom on the main floor and a second bedroom with a large bathroom and generous storage in the high basement. 1 x 1-Bedroom Unit (Second Floor): Bright and spacious with abundant natural light, offering an open layout and comfortable living space. 1 x 1-Bedroom Unit (Third Floor): Loft-style unit with a walkout to a private balcony and unobstructed views, creating a unique and airy living space. 1 x Bachelor Suite (Basement): Newly underpinned and upgraded, featuring its own private walkout, separate entrance, sun-filled living area, new foundations, drainage system, and sump pump. Total 3,239 square feet including basement (Floorplans). FREE property management services for one year, ask LA for details. November 2024 Home Inspection available
Address
45 Strathmore Boulevard
List Price
$1,499,900
Property Type
Commercial
Type of Dwelling
Investment
Area
Toronto E03
Sub-Area
Danforth
County
Toronto
Lot Size Source
GeoWarehouse
Lot Depth
125
Lot Shape
Rectangular
Lot Type
Lot
Lot Size Units
Feet
Lot Width
20.17
Approx. Age
100+ Years
MLS® Number
E12160679
Listing Brokerage
HARVEY KALLES REAL ESTATE LTD.
Postal Code
M4C 1N5
Tax Amount
$6,745.00
Tax Year
2024
Community Features
Public Transit
Heat Type
Gas Hot Water
Cooling Features
Yes
Garage Type
None
Sewer
Sanitary+Storm