Downsview-Roding-CFB, Toronto, M3M 1V3
Description
RARE TURNKEY 5-UNIT INVESTMENT OPPORTUNITY WITH APPROXIMATELY $13,000/MONTH IN POTENTIAL RENTAL INCOME! Discover an exceptional opportunity to own a newly renovated, income-producing multi-residential property in Toronto, featuring 4 self-contained residential units plus a detached 2-bedroom, 2-bathroom garden suite! Thoughtfully designed to maximize rental appeal, privacy, and functionality, this impressive property offers a total of 11 bedrooms and 8 bathrooms across five individual residences. Unit 1 features 3 bedrooms and 2 bathrooms, while Units 2, 3, and 4 each offer 2 bedrooms and 1 bathroom. The detached garden suite (Unit 5) provides an additional 2 bedrooms and 2 bathrooms, creating a highly desirable standalone rental option. Each residence features modern finishes, contemporary kitchens with stainless steel appliances and quartz countertops, private in-suite laundry, and comfortable living spaces. Extensive renovations provide investors with a turnkey opportunity and reduced immediate capital expenditure requirements. POTENTIAL GROSS RENTAL INCOME OF $156,000 ANNUALLY! An excellent opportunity for investors seeking multiple income streams, long-term appreciation, and portfolio growth. CMHC FINANCING APPLICATION CURRENTLY IN PROCESS, offering an opportunity to explore attractive multi-unit financing options, subject to lender and CMHC approval. Conveniently located near public transit, major highways, shopping, schools, parks, and everyday amenities. Whether you're expanding your investment portfolio or seeking a high-potential multi-residential asset, this property delivers an exceptional combination of modern living, diversified rental income, and long-term investment potential. FIVE RESIDENCES. ONE PROPERTY. MULTIPLE INCOME STREAMS. DON'T MISS THIS OPPORTUNITY!
Features
- Facing: North
- Bedrooms: 11
- Bathrooms: 5
- Garages:
- Kitchens: 5
Details
- Lot size: 50.00 x 120.00 Feet
- Space: 1500-2000
- Tax: $ 5113.00
- W14136062
- Listing contracted with: EXP REALTY
| Room | Size(M) | Description | |
|---|---|---|---|
| Family Rm | 4.45x3.08 | ||
| Living Rm | 3.69x3.08 | ||
| Dining Rm | 3.69x3.39 | ||
| Kitchen | 4.45x3.47 | ||
| Primary B | 4.21x3.08 | ||
| 2nd Br | 3.53x2.93 | ||
| 3rd Br | 3.08x2.93 | ||
| Kitchen | 3.66x3.05 | ||
| Laundry | 5.49x7.01 | ||
| Recreatio | 8.22x7.01 |
| Bathroom | Pieces | Level | |
|---|---|---|---|
| 1xBath | 3 pcs | Main |
|
| 1xBath | 3 pcs | Main |
|
| 1xBath | 3 pcs | Basement |
|
| 1xBath | 3 pcs | Basement |
|
| 1xBath | 3 pcs | Ground |
Property Summary
Located close to the intersection of Jane & Wilson, 67 William Cragg Dr is a 11 bedrooms 5 washrooms Multiplex. The property basement is not finished. The property has many nice features including Water Meter, Water Heater, Primary Bedroom - Main, Central Vacuum, Carpet Free and Auto Garage Door Remot. Family Room Rm, Living Room Rm, Dinning Room Rm, Kitchen, Primary B, second bedroom and third bedroom are on the Main floor.Home Market Analysis
For Lease
Rent levels have increased 18.2% compared with the same period last year.
How This Home Compares
Local Area Profile
This property is located in an area with a significant rental housing presence with a strong concentration of apartment and condominium housing. Approximately 15% of residents hold a bachelor's degree or higher, while about 15% have a college credential. Residents use a combination of driving and public transit for commuting.
