Detached Fourplex in Toronto! Available

  • $1,844,999
  • 8 beds
  • 5 baths
  • 2700 sqft

Detached Fourplex in Toronto!

Multiplex Rental Opportunity

$205K BELOW Market Value!

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
    • 4 fridges & 4 stoves
  • 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
Pictures and More

The Numbers

We are selling our assignable purchase contract for this excellent multiplex rental opportunity:

  • Wholesale Price: $1,844,000
  • We believe that this property is worth $2,050,000 as-is on the MLS
  • We believe that after the recommended renovations this property would sell for at least $2,200,000 on the MLS
  • Buy now for $205K BELOW market value!

Comparable Analysis

  • 162 Grace Street sold for $1,650,000 in May 2024 after only 2 days on the market! This 6 bed 4 bath semi-detached fourplex comparable is mostly outdated throughout similar to the subject property. It has a smaller footprint of 2400 sqft and sits on a similar 23ft x 50ft lot. Unlike the subject property which is a 2 storey the comparable is a 2.5 storey and had tenants at the time of sale. Additionally the comparable lacks one main bedroom, one basement bedroom, one bathroom, and does not have the potential for a 5th unit. Therefore we believe, after adjustments, the subject property would sell for a price of at least $2,050,000 on the MLS in AS-IS condition!
  • 2 Bellwoods Park sold for $2,850,000 in July 2024. This legal triplex with a basement unit consists of 9+1 beds, 6 bathrooms and is approximately 4000sqft as per the listing. The property has undergone major updates to the top floor and loft area with other cosmetic updates throughout as well. The property was partially tenanted with the option to have it vacant meaning buyers could rent at market rents from day 1. The property is situated on a larger lot as well at 45ft x 96ft. We believe with the property being vacant right away and the potential to renovate and rent at market rents the subject property would sell for a price around $2,200,000 on the MLS.
  • 412 Crawford Street sold for $2,010,000 in September 2024. This purpose built 9 bed 4 bath detached 2 storey fourplex comparable has had some updates and presents much better than the subject property however it is still not a true ARV. It has a larger footprint of 3000-3500 sqft and sits on a larger 28ft x 130ft lot. Unlike the subject property, the comparable has two additional bedrooms however it lacks a basement bedroom, one bathroom, and the potential for a 5th unit. Therefore we believe, after adjustments and the recommended renovations, the subject property would sell for a price of at least $2,200,000 on the MLS.
Price:
$1,844,999
Address:
Toronto
Square Feet:
2700
Bedrooms:
8
Bathrooms:
5
Terms:
Assignment of Contract
Property Type:
Triplex
Year Built:
1908
Const. Type:
Fourplex

Call 647-930-0291 for more details