1160 Dufferin St, Toronto, M6H 4B8

Listing Overview

Description

Renovate or build, two great options for this highly visible corner property in Toronto's West Junction-Wallace area. Take advantage of theexisting 4-unit building: 1-Commercial and 3-Residential units, and renovate them for higher rental yields with an anticipated 8% leveraged returnOR, benefit from Toronto's Major Street Initiative and create a design-build option for purpose-built multi-residential apartments. The propertyfeatures a 425 sq. ft. main-floor commercial unit and three residential apartments located on the rear and upper levels. This well-maintainedbuilding offers almost 2,400 sq. ft. of above-grade space, with a flexible and income-friendly unit mix of two one-bedroom apartments and onethree-bedroom apartment. Nestled in a desirable, transit-oriented location just minutes from Dufferin Station, the property benefits from strongrental demographics, excellent connectivity, and an impressive Walk Score of 88. Conveniently located near shops, restaurants, a communitycentre, and schools. Seller is a Registered Real Estate Agent (RREA).

2 days

On Market

Investment

Property Type

$8,296 / Year

Est. Taxes

Apartment

Style

Apts-2 To 5 Units

Business Type

-

Franchise