Ready for an investment that's got both style and cash? Nestled on a peaceful cul-de-sac in the Upper Beaches, this 3-unit property is more than just eye candy - it's a moneymaker. Altogether, the property pulls in an impressive $8,400 per month in rent across its three units, including a sweet, loft-style basement apartment. Smart investors will recognize the goldmine here, with 4 parking spots and the added potential for a laneway suite, offering even more opportunity for future value and income growth. Renovated from top to bottom in 2011 with over $300K in upgrades, all done with proper permits, this property is registered with the City of Toronto as a legal 3-unit dwelling. Each unit boasts 2 spacious bedrooms, ensuite laundry, and fully equipped modern kitchens. And here's the kicker: with 2 of the 3 units currently vacant, the cap rate stands at 5.76% with positive cash flow - a rare find in Toronto's competitive market! But wait, there's more: if the 3rd unit were also brought to market rent, the cap rate would jump to an impressive 6.19% - wowzers! Since the main floor and basement are completely vacant, you can either move in yourself or rent them out at market value. Plus, all three units come with private decks, perfect for those chill moments or hosting guests. Whether you're looking for a turnkey investment or a stunning home with rental income, this one has it all. Act fast, because this gem won't last!
Property Features
- Date Listed: Monday, September 23, 2024
- Virtual Tour: View Virtual Tour for 4 Casci Avenue
- City: Toronto
- Neighborhood: Woodbine Corridor
- Major Intersection: Coxwell & Gerrard
- Full Address: 4 Casci Avenue, Toronto, M4L 2K3, Ontario, Canada
- Kitchen: Tile Floor, Granite Counter, Window
- Living Room: Hardwood Floor, Large Window, Open Concept
- Kitchen: Tile Floor, Granite Counter, Window
- Living Room: Concrete Floor, Open Concept, Pot Lights
- Kitchen: Concrete Floor, Open Concept, Pot Lights
- Listing Brokerage: Re/Max Ultimate Realty Inc. - Disclaimer: The information contained in this listing has not been verified by Re/Max Ultimate Realty Inc. and should be verified by the buyer.
