Flooring: Tile, Seize this rare opportunity to build a lucrative investment property in the heart of Westboro. Whether you choose to proceed w/ the approved 6-unit building or explore the potential for up to 12 units in it's R4UB zoning, this property offers unparalleled possibilities. The approved architectural plans include 9' ceilings, large sunlit windows, an elevator for convenience, a rooftop space for relaxation, dedicated parking, and a bike/garbage shed in the back. Unit Breakdown:Two luxurious 3-bedroom + den, 2.5-bath units w/ in-unit storage (each 1850 sqft) ideal to live in; One 2-bedroom unit; One 1-bedroom + den unit & Two 1-bedroom units. W/ a strategic unit mix, the projected annual rental income is an impressive $256,800. After a 20% projected expense of $38,520, the expected NOI is $218,280, reflecting a solid 5.5% cap rate w/ potential for growth. It provides immediate income while you plan for the future. Act now to secure this prime Westboro investment. Some pics virtually staged, Flooring: Hardwood
Property Features
- Date Listed: Monday, March 25, 2024
- City: Westboro - Hampton Park
- Neighborhood: 5002 - Westboro South
- Major Intersection: Tweedsmuir between Richmond Rd and Scott
- Full Address: 344 TWEEDSMUIR Avenue, Westboro - Hampton Park, K1Z 5N4, Ontario, Canada
- Living Room: Main
- Kitchen: Main
- Listing Brokerage: Right At Home Realty - Disclaimer: The information contained in this listing has not been verified by Right At Home Realty and should be verified by the buyer.
