For Sale, Off Market
15 Unit Apartment Building in Toronto’s Vibrant Beaches Neighborhood
Property Description
Imagine owning a piece of Toronto’s real estate in the city’s most desirable and charming neighbourhoods: The Beaches. This rare 15-unit multi-family rental property is more than just an asset—it’s a gateway to consistent income, long-term appreciation, and unmatched location advantages.
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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Property Information
- For Sale, Off MarketProperty Status:
- Multi-Family HomeProperty Type:
- BeachesNeighborhood:
- $5,499,888Price:
- TorontoCity:
- ONState: