173-175 Madison Avenue, Toronto C02, ON
Description
Property Highlights
Welcome to this remarkable ["3-Storey"] multiplex located in the coveted neighborhood of Annex. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $5,999,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 14 Bedrooms and 15 Bathrooms with 7 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 50 x 126 ft lot
- Features a ["apartment"] basement, adding superb versatility for recreation, a home gym, or extra storage
- 7.0 total parking spaces available
- Notable attributes: Other
- equipped with ["central air"] central cooling and highly efficient forced air heating via electric
Unique Offering, Two-semi detached homes offered together for sale, converted into a 3.5 story 7- plex in the Annex. 1- 3 bedroom unit with 3 washrooms, and 6-2 bedroom units with 2 washrooms, all with ensuite laundry. Hyrdo electricity and gas is all separately metered. Tall ceilings. Combined, the two semis make one of the largest built structures in the Annex. The rear of the property is at the end of the laneway and has 7 car parking. Property is fully rented and is being offered for ~4% cap rate. Benefit from stable rental income or convert into a giant single family home. Heritage property status offers the benefit of lower property tax and financial assistance from the city to maintain the exterior of the building.
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Data-driven valuation for 173-175 Madison Avenue, Toronto C02, ON M5R 2S6
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Properties in this area are selling at a steady pace.
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