14 Beds 15 Bath

173-175 Madison Avenue, Toronto C02, ON M5R 1V7

Toronto C02 M5R 1V7 Ontario

MLS: C12260322

$6,199,000

Added 68 days ago | For Sale

Listed by: RIGHT AT HOME REALTY

About Property

Unique Offering, Two-semi detached homes offered together for sale, converted into a 3.5 story 7- plex in the Annex. 1- 3 bedroom unit with 3 washrooms, and 6-2 bedroom units with 2 washrooms, all with ensuite laundry. Hyrdo electricity and gas is all separately metered. Tall ceilings. Combined, the two semis make one of the largest built structures in the Annex. The rear of the property is at the end of the laneway and has 7 car parking. Property is fully rented and is being offered for ~4% cap rate. Benefit from stable rental income or convert into a giant single family home. Heritage property status offers the benefit of lower property tax and financial assistance from the city to maintain the exterior of the building.

Features

  • House Style:Multiplex
  • Bathrooms:15
  • Land Size: 49.21 X 126.24
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Dupont and Madison
  • Basement:Finished with Walk-Out , Finished with Walk-Out
  • Possession Date:tba
  • Annual Property taxes: $20514
  • Bedrooms:14
  • Total Parking Spaces:0
  • Parking Places:0
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:West
  • Front Footage:
  • Listing ID:C12260322

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