Commercial listings / Investment / For sale
11 Dennis Avenue, Toronto, ON M6N 2T7
$1,439,900
- Property type
- Investment
- Transaction
- For sale
- Location
- Toronto W04, Toronto
- Building area
- 3,000 Square Feet
- MLS® number
- W13782194
Description
A rare opportunity to purchase this high-performing LEGAL triplex just steps away from the Mount Dennis super transit hub. With an average 8.54% leveraged CAP rate, this fully renovated (gutted to the studs) triplex is an ideal investment to add to any portfolio. This turnkey opportunity offers three two-bedroom units, each spanning 1000 sq ft, each with a private ensuite, washer and dryer, brand new appliances and fixtures, large windows with an abundance of natural light, new mechanicals and each unit is separately metered for hydro. The NEWLY PAVED backyard and detached garage offer an excellent potential for a garden suite, creating a rare opportunity to further increase the density and value. With a close proximity to a brand-new public school, a nearby catholic school, excellent transit, and neighbourhood shopping, this central location ensures low vacancy and high-calibre tenants.
Listing brokerage: ROYAL LEPAGE REAL ESTATE SERVICES LTD.
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