109 Gloucester Street, Toronto (Church-Yonge Corridor), M4Y1M2

Home Overview

Description

Rare opportunity to acquire a Legal Tri-Plex in the heart of Downtown, with potential to easily convert to a 4 PLEX. Numerous large-scale developments in the area. Huge upside potential as there is a high-probability for this property to be included in a land-assembly for future area development (various options currently being discussed). Property needs work and offered in an As-Is condition, however can be renovated into 3-4 beautiful rental units commanding $120k-$150k/year revenue. Many original character features include exposed brick throughout, soaring-high 10ft ceilings on the Main & Second Floors and 9Ft ceilings on Third floor, crown-moulding & trim work, original front door, etc. Front pad parking has been in continuous use for over 60 years (contact Listing agent for info on parking). (id:39198)

18 days

On Market

Multi-family

Property Type

$9,916 / Year

Est. Taxes

Triplex

Style

-

Garage

Partially finished, Separate entrance, N/A, N/A

Basement