Bellwoods Ave, Toronto, Ontario
Closing Date: May 14th, 2025
***The seller has the option to shorten closing to April 14th,2025 given notice is provided to the buyer by March 21st,2025***
***Seller to provide property vacant on closing***
***Buyer to complete APS deposit of $30,000 in addition to SLG Deposit***
Realtors bring a client and add your commission onto purchase price
About the Property
Looking for a unique opportunity to own a multiplex property in Toronto? Look no further! This detached 2-storey fourplex consists of 3 one-bed, one-bath units and 1 four-bed, two-bath unit. The property is approximately 2268 sqft above grade and sits on a 19.97 ft x 78.81 ft lot. The property is dated and in need of a full cosmetic renovation however, the units are in livable condition. The roof and the boiler system used for hot water and heating of the property have been updated within the last 5 years saving the buyer a costly upgrade. The basement has a separate entrance as well as an existing kitchen and bedroom creating the potential for a 5th unit. This property is great for an investor looking to start to expand their multiplex portfolio in Toronto.
About the Neighbourhood
This property is located in the Trinity Bellwoods neighborhood of Toronto. Downtown Toronto is only a 10-minute drive away providing countless amenities. Union station is a 17-minute drive away and there are multiple light rail (street car) stops within a 4-minute walk providing commuters with easy transportation. The Gardner Express Way is only 15 minutes away providing easy access west towards Mississauga and east towards Scarborough.
Property Details
- Detached 2-storey Fourplex
- 7+1 bedrooms
- 3 one-bedroom units
- 1 four-bedroom unit
- 1 bedroom located in the basement
- 6 bathrooms
- 3 one bath units
- 1 two bath unit
- 1 bathroom in basement
- Basement is a finished living space
- There is direct access available to the basement
- There is a kitchenette and bathroom in the basement providing 5th unit potential however the basement is only 6ft throughout
- No garage
- 2688 sqft above grade
- 932 sqft below grade
- Appliances are included in as-is condition
- Property taxes are about $8119
- Heating system is owned
- Radiator boiler system
- 4 years old as per seller
- Hot water is provided via boiler system
- No A/C
- Roof
- Replaced in 2018 as per seller
- Windows
- Aluminum double pane as per seller
- Exact age unknown
- Older breaker Panel
- Copper/aluminum wiring
- 1 meter
- 1 Gas meter as per seller
- No garage
- Built in 1908
- 19.97 ft x 78.81 ft lot
- R(d0.6) zoning
Recommended Renovations
- Full cosmetic renovation
- Consider adding 5th unit
- Consider adding A/C
- Seller has the option to leave contents behind so we recommend budgeting for junk removal
|