115 Mavety St, Toronto, M6P 2L8

Home Overview

Description

You've been waiting and It's finally here!!! A multi-unit property that actually makes sense! Welcome to 115 Mavety St. This impressive 2.5 storey legally registered multi-unit home, with incredibly rare private driveway & detached 2 car garage, offers unmatched ownership versatility attracting investors and/or those looking to live with added income! Investors will love the true 5% cap rate (proven gross income over $128,000). Looking to add value? Easily increase gross income to over $144,000 by adding a lower unit (already has private entrance and roughed in plumbing/electrical), to instantly raise your cap rate to an unheard of 6%!!! Benefit from vacant possession on closing and hand select tenants! Looking to live in and rent out? Choose one of the renovated units to call your new home and collect rents to offset your living expenses. This makes way more sense than Condo ownership! Currently separated into 4 self-contained units with option to add 5th unit in already lowered basement with plumbing rough ins and separate entrance. Benefit from extensive mechanical upgrades throughout including 4 separate hydro meters, upgraded copper wiring (200-amp service), upgraded plumbing, 3/4 copper intake, multi zone heat control, upgraded windows, newer roof and more! Amazing lot widening to 30ft with incredibly rare private driveway (easy parking for 6-8 cars) and detached garage offering future garden suite potential. Ideally located on quiet tree lined street in Toronto's coveted Junction neighbourhood steps to Keele Station, Bloor West Village and High Park. Access to top ranked schools, boutique shops, delicious restaurants, transit, trails and all one could ever ask for! Don't let this one slip away!

11 days

On Market

Semi-Detached

Property Type

$7,575 / Year

Est. Taxes

2 1/2 Storey

Style

Detached

Garage

Part Fin

Basement