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E5599844
$6,980,000

575 Pape Ave (Pape And Danforth)

Price: $6,980,000

Status: For Sale 

MLS®#: E5599844

$6,980,000
  • Tax: $28,209.31/Annual (2021)
  • Maintenance:$4,064
  • Community:Blake-Jones
  • City:Toronto
  • Type:Commercial
  • Style:Investment
  • Bath:17
  • Size: 9,200 Sq Ft
  • Garage:Street

Features:

  • HeatingGas Hot Water
  • Sewer/Water SystemsMunicipal

Listing Contracted With: RIGHT AT HOME REALTY, BROKERAGE

Description

Excellent Investement Self Managed Well Maintained 3 Story Multi-Residential Apartment Building With 17 Units All Or Partially Renovated Perfectly Located In Heart Of Sought After Toronto's The Danforth Community. Bus Stop At Its Door Step And Ttc Pape Station Within 5-Minute Walk. 17 Units Consist Of 3 Two Bedrooms, 5 One Bedrooms And 9 Bachelors. Eight Units Have Been Gorgeously Fully Renovated And Nine Units Partially Renovated As Required With Up To Date Finishes. Handpicked Fully Vetted Good Standing Tenants Are Responsible For Hydro Separately Metered. Building Is Always 100% Leased With High Turnover Enabling Owner To Continue To Upgrade And Charge Higher Market Rents. Easy To Manage With Many Building Improvements And Recent Capital Expenditure, New Roof.


Highlights

17 Fridge/Freezers, 17 Electric Stove/Ovens, 2 Commercial Grade Washer/Dryers With Card Payment System, Security Camera Equipment, Fire Extinguishers, Fire/Smoke Detectors, Intercom System, Paintings All Included.

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Alex Prasoulis

Broker of Record

iListRealEstate Inc. Brokerage

Your Trusted Real Estate Advisor

iListRealEstate Inc. Toronto Real Estate Brokerage, 416-901-8777, info@ilistrealestate.ca

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