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Login to View4 Casci Avenue, Toronto Home Sold
MLS#: E9363974
About this Listing
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!
Lots of features to be highlighted - see attached cash flow analysis, feature sheet along with the floor plans, virtual tour and walk through video!
Broker: Re Max Ultimate Realty Inc
Listing Details
$7,160Taxes
28.9x114Lot Size
Apartment, Fin W/OBasement
Rooms
| Name | Attributes | Dimensions (LxW) |
|---|---|---|
| Living | Hardwood Floor, Open Concept, Large Window | 3.71 x 4.45 |
| Dining | Hardwood Floor, Open Concept, Combined W/Living | 2.87 x 2.49 |
| Kitchen | Tile Floor, Granite Counter, Window | 2.79 x 2.39 |
| Prim Bdrm | Hardwood Floor, Closet, Window | 4.06 x 2.79 |
| 2nd Br | Hardwood Floor, Overlook Patio, Closet | 2.77 x 3 |
| Living | Hardwood Floor, Large Window, Open Concept | 3.71 x 4.45 |
| Dining | Hardwood Floor, Open Concept, Combined W/Living | 2.87 x 2.49 |
| Kitchen | Tile Floor, Granite Counter, Window | 2.79 x 2.39 |
| 2nd Br | Hardwood Floor, Closet, W/O To Deck | 4.06 x 2.79 |
| Living | Concrete Floor, Open Concept, Pot Lights | 3.4 x 4.34 |
| Kitchen | Concrete Floor, Open Concept, Pot Lights | 2.69 x 3.81 |
| Prim Bdrm | Pot Lights, Semi Ensuite, Large Closet | 2.34 x 5.11 |
