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$ 3,999,900
Est. payment | /mo
$ 3,999,900
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Municipality Toronto W06
Subdivision Long Branch
MLS Listing ID W12803770
Annual Tax Amount $11,877
Tax Year 2025
Property Sub-Type Investment
Property Description
This very profitable legal apartment building comprises ten well-maintained units, strategically situated just two minutes away from Humber College. Its prime location makes it a highly desirable investment for those seeking strong returns and stable demand. The property offers versatility in management, as it can be operated either as a traditional rental or as an Airbnb business. This flexibility provides potential owners with the opportunity to choose the model that best suits their investment strategy and market conditions. The current tenant base is primarily composed of Humber College students. This revolving tenancy ensures a steady influx of occupants, contributing to the building's consistent profitability year after year. Significant renovations were completed in 2017 and 2019, resulting in the building being in excellent condition. These upgrades have enhanced the property's appeal and ensured that all units meet modern standards. The building is equipped with advanced security and safety amenities, including: Keyless/Key scan access for secure entry; API fire monitoring system; 24/7 security cameras installed throughout the premises; LED lighting for improved visibility and energy efficiency. A new roof was installed in 2017, providing long-term durability and protection. Additionally, the building features a tankless boiler system, ensuring efficient heating and optimal energy usage for all tenants. The units have separate meters (7 existing and 4 approved).
Location
Province ON
County Toronto
Community Toronto W06
Area Toronto
Zoning C1-AV - Commercial Avenues
Interior
Cooling Partial
Exterior
Parking Features Outside/Surface
Community Features Major Highway, Public Transit
Utilities Available Yes
Building
Lot Description Lot
Lited by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
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