Trinity-Bellwoods, Toronto, M6J 3B8
Description
Power of Sale Opportunity! Renovated semi detached property featuring 3 separate units with the potential to generate approximately $10,000/month in gross rental income when fully leased. The front unit is currently rented at $4,200/mo while the two additional units are vacant and recently renovated. Perfect for investors seeking strong rental income or end users looking to live in one unit while collecting rental income from the other two, helping significantly offset mortgage and carrying costs. Further upside with the potential to build a laneway home with 2 additional units subject to approvals and due diligence. Located in an excellent, highly desirable area within walking distance to vibrant neighbourhood amenities, restaurants, cafes, shopping, transit and more. A rare opportunity combining strong income potential, flexible living options and addition of potential laneway units increasing future value and upside!
Features
- Facing: West
- Bedrooms: 6
- Bathrooms: 5
- Garages:
- Kitchens: 3
Details
- Lot size: 25.00 x 130.67 Feet
- Space: 3500-5000
- Tax: $ 8087.46
- C13795598
- Listing contracted with: ROYAL LEPAGE TERREQUITY REALTY
| Bathroom | Pieces | Level | |
|---|---|---|---|
| 1xBath | 2 pcs | Main |
|
| 1xBath | 4 pcs | Second |
|
| 1xBath | 3 pcs | Third |
|
| 1xBath | 3 pcs | Lower |
|
| 1xBath | 3 pcs | Second |
Property Summary
Located close to the intersection of Queen St & Ossington Ave, 16 Fennings St is a 6 bedrooms 5 washrooms Semi-Detached. The property has many nice features including Sump Pump. .Local Area Profile
This property is located in an area with a high level of homeownership with a strong concentration of apartment and condominium housing, along with some townhouses. Approximately 58% of residents hold a bachelor's degree or higher, while about 29% have a college credential. Public transit is commonly used by local commuters, alongside driving.
School Information
- Givins/Shaw Junior Public School (Grade:JK-6) 513/3037
- Alexander Muir/Gladstone Ave Junior and Senior Public School (Grade:JK-8) 1467/3037
- Parkdale Collegiate Institute (Grade:9-12) 374/739
- Ryerson Community School (Grade:JK-8) 2413/3037
- King Edward Junior and Senior Public School (Grade:JK-8) 1119/3037
- Parkdale Junior and Senior Public School (Grade:JK-8) 2810/3037
