93 Northcliffe Boulevard in Toronto: Corso Italia-Davenport House for sale (Toronto W03) : MLS®# W12397266
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Gorgeous 100+ year old purpose built 4-unit multiplex in the heart of the prestigious Regal Heights Neighbourhood in Corso Italia. Offering over 4,000 sqft of living space plus a 2,000+ sqft basement. Each of the four spacious units ranges between 1,000-1,200 sqft and features 2 bedrooms, with every tenant enjoying access to approximately 500 sqft of basement space. This fully tenanted property generates excellent income with a cap rate of approximately 4%, supported by current rents of $1,500, $2,600, $2,600, and $2,800, plus additional income from a double detached garage rented at $525/month each. Estimated annual expenses including taxes, heat, water, insurance, and grounds maintenance are just $30,000, making this a strong and reliable investment. NOI of $95,000 annually. Meticulously maintained by a private owner with true pride of ownership, this property has seen recent upgrades including a new roof, new windows, and an updated breaker electrical panel. Perfectly situated in vibrant Regal Heights, steps to all that St. Clair Ave W has to offer! Shops, restaurants, TTC transit (street car stop right across the street), and community amenities, this is a rare opportunity to own a turnkey, income-generating multiplex in one of Torontos most desirable and culturally rich neighbourhoods.
Property Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
2-Storey
Approx. Age:
100+
Total Approx Floor Area:
3500-5000
Depth:
120'36.6 m
Frontage:
40'12.2 m
Direction Faces:
East
Bedrooms:
8
Bathrooms:
4.0
Water supply:
Municipal
Kitchens:
4
Bedrooms Above Grade:
8
Kitchens Above Grade:
4
Rooms Above Grade:
16
Fractional Ownership:
No
Assignment:
No
Heating type:
Water
Heating Fuel:
Gas
Foundation:
Concrete Block
Roof:
Asphalt Shingle
Basement:
Apartment
Fireplace/Stove:
No
Garage:
Detached
Garage Spaces:
2.0
Parking Features:
None
Parking Spaces:
0
Total Parking Spaces:
2.0
Family Room:
No
Possession Details:
immediate/flex/60 days for owner occupied
Pool:
None
HST Applicable To Sale Price:
Included In
Taxes:
$10,658 /
2024
Assessment:
$- /
-
Toronto W03
Corso Italia-Davenport
Toronto
Library, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School
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