Property Overview

This rear-laneway property is located behind the main strip and offers a practical and secure setup with three distinct units. Each one is self-contained, recently painted, and configured for light industrial, storage, workshop, or commercial use.

• Three individual units

• Recently refreshed interior spaces

• Private laneway access for easy loading and deliveries

Functional Features

Each of the three units comes with:

• Individual hydro meters

• Washroom rough-ins are already in place

• Solid concrete block construction for durability

• Good ceiling heights and open layouts

One unit includes a walk-in fridge, which makes this property especially appealing to restaurant owners, caterers, or food-based businesses that need refrigerated storage space close to downtown.

Floor Plans

Location Benefits

Located in South Riverdale, this site is surrounded by residential neighbourhoods, boutique shops, cafes, and new developments. The area has grown significantly over the past decade and continues attracting residents and businesses.

Key highlights include:

• Quick access to Queen St E, Broadview Ave, and Dundas St E

• Close to transit and main roads, including the DVP and Lakeshore

• High-demand location with rising property values and strong rental demand

Future Potential: Laneway Redevelopment

This property also offers redevelopment potential, as it is located on a laneway and in a residential area. Under Toronto’s laneway housing initiative, there may be an opportunity to convert or add density to the site with residential units, subject to city planning approvals.

This makes it appealing for long-term investors or developers who want to explore new housing options in a city with limited low-rise inventory.

Who This Property Suits

This is a flexible and rare offering that could be ideal for:

• Small business owners in trades, logistics, or service-based industries

• Restaurant operators in need of additional cold storage

• Creative professionals looking for private workspaces

• Investors seeking a low-maintenance income-producing asset

• Builders and developers targeting the laneway housing potential

Permitted Uses

Please click the following link to get a complete list of Permitted uses at the property.

City of Toronto Zoning By-law 569-2013, Chapter 10.10

Book a Private Tour

With limited products like this in the downtown core, this is a unique opportunity to secure a versatile property with solid fundamentals and a compelling future upside.

To schedule a tour or get more information, reach out to:

Addy Saeed
Real Estate Broker | RE/MAX Gold Realty Inc.
Call/Text: 647-370-9470
Office: 877-439-2339
Book an Appointment: www.addysaeed.com

The post 3-Unit Warehouse/Storage with Redevelopment Potential – 30R First Ave, Toronto, ON appeared first on Buildings for Sale in Toronto.

Are you looking for a high-income property in one of Toronto’s most desirable neighbourhoods?

The exclusive listing of this 12-unit apartment building at 156 Barrington Ave presents an exceptional opportunity for savvy investors looking to capitalize on a property that has seen tremendous growth and potential. This property is a standout investment in Toronto’s competitive real estate market.

Property Overview:

This 12-unit building in a 3-storey walk-up has been completely transformed under its current ownership. The strategic upgrades have significantly increased the building’s income potential, with an actual net operating income of $313,042 this year. This impressive financial performance and a 6.02% cap rate make this property a must-see for serious investors.  The income listed below is based on CMHC underwriting and still shows a cap rate of 5.57%.

Key Property Features:

• Unit Mix: One bachelor unit and twelve two-bedroom units, maximizing rental income potential.
• Building Amenities: Intercom access, coin-operated laundry with new washers and dryers, and 8 parking spots that can be rented for additional income.
• Utility Setup: 13 hydro meters and one gas meter, providing efficiency and flexibility for tenants and owners.
• Recent Upgrades: Renovated units, updated electrical panels, new boiler systems, newer hot water tanks, and aluminum double-pane windows throughout the building.

A Transformational Investment

When the current owner purchased 156 Barrington Ave in 2017, the building generated just $97,000 in net operating income. Over the years, the income has nearly quadrupled through strategic renovations, showcasing the power of intelligent investment in Toronto’s real estate market. Key improvements include:

• Renovation of Units: Updates to washrooms, kitchens, new flooring, and fresh paint have increased rental revenue and tenant satisfaction.
• Enhanced Electrical Systems: New 100 amp panels installed for each unit, ensuring modern and safe electrical infrastructure.
• New Boiler System (2021) and Hot Water Tank (2016): These upgrades have improved the building’s overall efficiency and reduced maintenance costs.
• Active Management: A hands-on management approach minimizes tenant issues and ensures quick turnaround on complaints, maintaining a stable and satisfied tenant base.

Location, Location, Location: Toronto’s Vibrant East End

156 Barrington Ave is in Toronto’s East End, known for its rich history, diverse community, and vibrant urban lifestyle. This neighbourhood offers a mix of residential, commercial, and recreational amenities, making it highly attractive to tenants and investors.

Neighbourhood Highlights:

• Danforth Village: Just steps away, Danforth Village is renowned for its eclectic mix of shops, restaurants, and cafes. This area, also known as “Greektown,” offers a vibrant cultural experience and is one of Toronto’s most beloved neighbourhoods.
• Accessibility: The property is ideally located just a short walk from Main Street Subway Station and Danforth GO Station, providing easy access to downtown Toronto and beyond. The proximity to these major transit hubs is a key selling point for tenants, offering quick and convenient commutes.
• Parks and Recreation: The nearby Taylor Creek Park and Dentonia Park Golf Course provide green space and outdoor activities, enhancing the quality of life for residents. The area’s numerous parks, trails, and recreational facilities make it desirable for individuals and families.
• Schools and Education: The neighbourhood is home to various schools, including St. Brigid Catholic School and Secord Elementary School, making it an excellent location for families. Access to educational facilities adds long-term value to the property.

Demographics and Rental Market Overview

The East End, particularly the area surrounding 156 Barrington Ave, is characterized by a diverse demographic, with a mix of young professionals, families, and long-term residents. The area’s accessibility and vibrant community feel make it particularly attractive to renters looking for the perfect balance of city living and neighbourhood charm.

Demographics:

• Young Professionals: Many residents in the area are young professionals who work in downtown Toronto but prefer the quieter, community-focused lifestyle of the East End.
• Families: This area is prime for families because of the abundance of parks, schools, and recreational facilities.
• Diverse Community: The neighbourhood is known for its cultural diversity, offering a rich mix of cuisines, shops, and cultural experiences that appeal to a broad audience.

Rental Market Insights:

• High Demand for Rentals: The East End continues to see strong demand for rental units due to its location and amenities. With limited new construction, existing rental properties are highly sought after.
• Competitive Rental Rates: Bachelor units in the area typically rent for around $1,300 – $1,600 per month, while two-bedroom units can command $3,200 or more, depending on the level of finishes and amenities.
• Low Vacancy Rates: Toronto’s East End boasts low vacancy rates, often below 1%, making it a stable and reliable market for rental income.

Real Estate Market Outlook

Toronto’s East End has become one of the city’s most desirable markets for investors and residents. The area has seen consistent growth in property values, driven by ongoing improvements in infrastructure, community amenities, and a continued influx of new residents seeking vibrant urban living.

• Rising Property Values: The East End has steadily increased property values, making it an excellent location for long-term investment. With ongoing developments and city improvements, property values are expected to continue their upward trajectory.
• Strong Investor Interest: With high rental demand and rising rental rates, multi-family properties like 156 Barrington Ave offer attractive returns. Investors are increasingly drawn to the East End due to its mix of stable income, property appreciation, and community growth.

Why Invest in 156 Barrington Ave?

• High-Income Potential: With projected gross income nearing $400,000 annually, this property offers a significant cash flow opportunity.
• Prime Location: Located in one of Toronto’s most vibrant and accessible neighbourhoods, this property appeals to many tenants, ensuring low vacancy and high demand.
• Strategic Upgrades: The current owner’s renovations and upgrades have positioned this property for continued success, making it a turnkey investment for the next owner.

Ready to Invest?

Don’t miss your opportunity to own a prime investment property in one of Toronto’s most desirable neighbourhoods. Contact us today to arrange a private viewing or get more details. Call or text 647-370-9470 to learn more about this exclusive listing.

The post JUST REDUCED: 12-Unit Multi Family Building for sale East York Toronto appeared first on Buildings for Sale in Toronto.