179 ST CLAIR AVENUE E|Toronto (Rosedale-Moore Park), Ontario M4T1N9

MLS Number: C12359760

Property Details: • Type: Multi-family • Ownership Type: N/A • Bedrooms: 11 + 5 • Bathrooms: 12 • Building Type: Other • Building Size: N/A sqft • Building Storeys: N/A • Building Amenities: N/A • Floor Area: N/A • Land Size: N/A • Land Frontage: N/A • Parking Type: Detached Garage, Garage • Parking Spaces: N/A

Description: Exceptional investment opportunity in the heart of Moore Park, steps to Yonge & St. Clair. This purpose-built multi-residential property offers a true 5.86% cap rate at full occupancy. Featuring 8 suites, with 2 vacant units ready for new tenants, and one gutted suite primed for renovation. All other suites have been thoughtfully updated between turnovers, including new bathrooms, kitchens, stainless steel appliances, and ensuite laundry for all suites. Above grade suites (4) each feature 2+1 bedrooms, 1+2 bathrooms, ductless AC units, wood-burning fireplaces, tasteful renovations. Radiant heating throughout. The property includes a detached 4-car garage (brick structure, concrete foundation) with potential for tandem parking, allowing up to 10 vehicles. Generous layouts with approx. 5,340 sqft above grade and additional sq footage in the 4 lower-level suites. All suites pay own hydro separately metered. Entire building underwent a major renovation in 2017 with new kitchens, baths, plumbing, electrical, roof, eavestroughs, and boiler. An unbeatable location with easy walkability to transit, shops, schools, and library. Strong upside with vacant units ready to be leased. A rare, turnkey opportunity in one of Toronto's most desirable neighbourhoods. (41126847)

Agent Information: • Agents: ANDRE CELOTTO DE SOUZA; JUSTIN WRIGHT • Contact: 416-477-9737; 416-625-7575 • Brokerage: ROYAL LEPAGE YOUR COMMUNITY REALTY; ROYAL LEPAGE YOUR COMMUNITY REALTY

Time on Realtor: 3 days ago