ON > Toronto W03 > Corso Italia-Davenport
Toronto W03, ON M6H 3L8,1640 Dufferin ST
Toronto W03, ON M6H 3L8,1640 Dufferin ST
Toronto W03, ON M6H 3L8,1640 Dufferin ST
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$1,999,999
Est. payment /mo
7 Beds
8 Baths
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision Corso Italia-Davenport

MLS Listing ID W12272972

Style 3-Storey

Bedrooms 7

Annual Tax Amount $4,442

Tax Year 2024

Property Sub-Type Detached

Lot Depth 120.0

Lot Front 25.0

Appx SqFt 2500-3000

Property Description

Prime Investment Opportunity! Fully renovated 5-unit building. This rare offering presents a completely remodelled five-unit property, ideally positioned for investors seeking strong cash flow and long-term value. This property is a lucrative addition to any portfolio with a $152,400 gross rental income and an approximate 5% cap rate. The building features five units, including three spacious 2-bed, two-bath units (above ground), plus one 1-bed, one-bath unit, and one bachelor apartment on the lower level. Each unit has been extensively renovated with modern, high-end finishes, including five brand-new kitchens, eight updated bathrooms featuring sleek glass showers, New walls, insulation, and energy-efficient pot lights, updated electrical and plumbing systems, a new roof, and underpinning that provides an 8-foot ceiling in the basement for added appeal. Additional features include four separate hot water tanks, four furnaces, and four AC units. Located just steps from the bustling St. Clair Ave, this property is surrounded by an array of trendy restaurants, boutique shops, and coffee spots. With its turnkey condition, strong rental income potential, and prime location, this property offers an exceptional opportunity for a hands-off investor or owner-operator.

Location

Province ON

County Toronto

Community Corso Italia-Davenport

Area Toronto

Rooms

Family Room No

Basement Finished with Walk-Out, Separate Entrance

Kitchen 5

Separate Den/Office 1

Interior

Interior Features None

Cooling Central Air

Inclusions 5 Fridges, 5 Stoves, 3 Dishwasher, 5 Washers and dryers, 5 hood fans, 4 furnaces, 4 A/C units

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 25.0

Lot Depth 120.0

Building

Foundation Poured Concrete

Others

Senior Community No

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Listed by RE/MAX REALTY SPECIALISTS INC.

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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