3
179 ST CLAIR AVENUE E
$3,650,000 Sale
Listed 23 hours ago
· 11+5
· 10.0
· 10
· 5000 - 100000
Key Facts
Key facts for 179 ST CLAIR AVENUE E
Property Type
Other, Other
Parking
Garage: Yes, 10 parking
MLS #
C12359760
Size
5000 - 100000 sqft
Basement
N/A
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
Description
Exceptional investment opportunity in the heart of Moore Park, steps to Yonge & St. Clair. This purpose-built multi-residential property offers a true 5.86% cap rate at full occupancy. Featuring 8 suites, with 2 vacant units ready for new tenants, and one gutted suite primed for renovation. All othe...r suites have been thoughtfully updated between turnovers, including new bathrooms, kitchens, stainless steel appliances, and ensuite laundry for all suites. Above grade suites (4) each feature 2+1 bedrooms, 1+2 bathrooms, ductless AC units, wood-burning fireplaces, tasteful renovations. Radiant heating throughout. The property includes a detached 4-car garage (brick structure, concrete foundation) with potential for tandem parking, allowing up to 10 vehicles. Generous layouts with approx. 5,340 sqft above grade and additional sq footage in the 4 lower-level suites. All suites pay own hydro separately metered. Entire building underwent a major renovation in 2017 with new kitchens, baths, plumbing, electrical, roof, eavestroughs, and boiler. An unbeatable location with easy walkability to transit, shops, schools, and library. Strong upside with vacant units ready to be leased. A rare, turnkey opportunity in one of Toronto's most desirable neighbourhoods. (id:10452)
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Listing courtesy of: ROYAL LEPAGE YOUR COMMUNITY REALTY
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