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.

The Property: Excellence in Every Detail

This three-story walk-up building boasts:

• Diverse Suite Mix: Three studios, seven one-bedrooms, four two-bedrooms, and a luxury three-bedroom unit.
• High-End Renovations: Modern finishes, gas stoves, stainless steel appliances, large windows for natural light, and four-piece bathrooms in every suite.
• Tenant-Paid Utilities: Each unit is separately metered for hydro and gas, streamlining expenses for property management.
• Strong Financials: With a current gross income of $385,836 and potential for further growth, this property is poised to enhance your portfolio’s profitability.

Why Invest in The Beaches?

Nestled along the shores of Lake Ontario, The Beaches offers a blend of serene living and urban sophistication. From the iconic boardwalk to the lively shops of Queen Street East, this neighbourhood is a magnet for families, professionals, and retirees alike.

• Recreational Paradise: Steps from Woodbine Beach, Kew Gardens, and various waterfront activities like kayaking, paddleboarding, and cycling.
• Convenience at Your Doorstep: Specialty stores, trendy cafes, and diverse restaurants make Queen Street East a thriving hub. Major retailers like Shoppers Drug Mart, LCBO, and local grocers are just a short walk away.
• Educational Excellence: Families are drawn to top-rated schools, including Williamson Road Junior Public School, Glen Ames Senior Public School, and Kew Beach Junior Public School.

The Numbers Game: Watch the Financial Breakdown

Are you curious about the financials? I’ve got you covered. I’ve posted an exclusive video on this page where I break down the numbers, walking you through the property’s income potential, operating costs, and value-add opportunities. Whether you’re a seasoned investor or just starting out, this is a chance to understand the financial strength of this asset.

Demographic Edge

The Beaches isn’t just a neighbourhood; it’s a lifestyle.

• Affluent Residents: With an average household income of $207,344, The Beaches attracts tenants with high earning potential, ensuring rental stability.
• Prime Tenant Base: The area’s charm appeals to professionals, families, and retirees, creating a diverse and dependable demographic mix.
• Growing Demand: Toronto’s population is projected to grow by 200,000 over the next five years, further driving demand for well-located rental properties like this.

Room for Growth

Despite its strong in-place income, this property offers opportunities for revenue enhancement:

• Rental Upside: Current rents are below market averages, leaving room to capitalize on turnover or repositioning strategies.
• Future Development: The Beaches continues to evolve, with ongoing improvements to infrastructure and community amenities adding to the area’s appeal.

A Rare Find for Discerning Investors

Properties like this don’t come along often. The combination of stable income, market growth, and a prime location makes this multi-family rental building a must-see for investors aiming to secure their future in Toronto’s dynamic real estate market.

Take the Next Step

Don’t let this opportunity slip away.

• Watch the Video: Gain insights into the financials and growth strategies.
• Contact Me Directly: Let’s discuss how this property aligns with your investment goals.
• Fill Out the Contact Form: I’ll reach out with more details or arrange a private showing.

This is more than just a building; it’s a chance to be part of Toronto’s enduring legacy. Contact me today to seize this opportunity!

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The post SOLD! 15 Unit Apartment Building in Toronto’s Vibrant Beaches Neighborhood appeared first on Buildings for Sale in Toronto.

Here’s an amazing investment opportunity that is available for any investor that is looking at taking advantage of Waterloo student housing crisis.  There is a shortage of quality housing for students in Waterloo and this building was built in 2011 to overcome the challenge.  The property hosts 13 legal apartments and has 65 beds.  The 13 apartments all have 5 bedrooms each and each has 2 full washrooms and a full kitchen.

The property is very well maintained and shows very well.  There are detailed financials in the video below.

If you would like more information, please reach out to me and I can help answer any questions you may have.

The post 65 bedroom Student housing for sale – Ontario Real Estate appeared first on Buildings for Sale in Toronto.

5 Large, 2-Bedroom Apartments In Well Maintained, Purpose-Built Multi-Res Income Property. 100′ X 161.66′ Lot With 15 Parking Spaces And Storage Shed.

Gross Income $148,644, Net Income $75,654.

Moderate Rents With Upside In Improving Oshawa Neighbourhood, Opportunity To Increase Return With New Managment. Owner Is Retiring And May Consider Holding A Vtb 1st Mortgag

15 Fridges, 15 Stoves, Gas Water Heater, Gas Boiler, Existing Survey. Coinamatic-Owned 2 Washers & 2 Dryers.

The post 120K per door in Oshawa Ontario Real Estate appeared first on Buildings for Sale in Toronto.

The property is consistent of 3 Buildings

• Fourplex
• Seven Plex
• A townhouse complex with 6 townhouses

There are financial details included in the video below and you can follow along with the financials by clicking below

Financial Details – 17 Residential Units

The post 17 Residential Units in Western Ontario Real Estate appeared first on Buildings for Sale in Toronto.

What I am looking for :

Locations : Mississauga , Kitchener , Waterloo , anywhere around Mississauga (Brampton, Milton , Toronto)

Type of Properties : Apartment buildings , Plazas

Average cap Rate : 7% (6 should be fine based on Condition and locations)

If you have a property or know someone that has a property matching the criteria above, please leave a comment below

The post Wanted: Apartment Building or Plaza upto $2.5M appeared first on Buildings for Sale in Toronto.