156 Barrington Avenue,Toronto E03, ON M4C 4Z2
Toronto E03, ON M4C 4Z2
Description
This exclusive 12-unit apartment building in Torontos East End offers a high-yield investment with a 2023 net operating income of $313,042 and a 5.8% cap rate. With 1 bachelor unit and 11 two-bedroom units, this 3-storey walk-up features intercom access, coin-operated laundry, and 8 rentable parking spaces, all designed to maximize income potential. Strategically upgraded, the property includes renovated kitchens, bathrooms, fresh paint, modern flooring, and 100-amp panels in each unit. A new boiler (2021) and 13 hydro meters add efficiency, making it an attractive choice for tenants and owners. Located near Danforth Village, Main Street Subway, and Danforth GO, the building is ideally situated for commuters, providing easy access to downtown Toronto and nearby amenities like parks, schools, and Greektowns vibrant community. High demand and rising rental rates make this area highly sought-after with low vacancy rates. With limited new construction, this property stands out as a turnkey investment with strong cash flow in a growing market. **EXTRAS** Data room available for interested buyers. Review brochure and financials for more info
Details
| MLS # | E10413083 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Extension |
| Days On Site | 251 |
| Listing Provided By | RE/MAX GOLD REALTY INC. | E10413083 187104 |
Features
| SQ Feet | 12,240 |
|---|---|
| Acreage | 0.28 |
Interior
| Cooling | No |
|---|
Exterior
| Community Features | Public Transit, Subways |
|---|
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Learn More About This Property
| Province | ON |
|---|---|
| County | Toronto |
| City | Toronto E03 |
| Postal Code | M4C 4Z2 |
| Area | Crescent Town |
| Listing VS Median (in M4C 4Z2) | |
Price: $5,199,888 low | high Med: $5,199,888 SqFt: 12,240 low | high Med: 12,240 $ / SqFt: $425 low | high Med: $425 On site: 251 low | high Med: 251.000000 | |
