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16 John Best Avenue Toronto, Ontario M9N 1C3

6 Bedroom 6 Bathroom 700 - 1,100 ft2
Raised Bungalow Wall Unit Heat Pump

$1,600,000

Exceptional investment opportunity! This fully renovated triplex generates nearly $120,000 in annual income, offering a strong cap rate of over 6%. Each of the three units is thoughtfully designed as a spacious 2-bedroom, 2-bath layout, with modern finishes and updated systems for peace of mind. Accessibility is prioritized with elevator access and barrier-free design, making the suites highly desirable for long-term tenants. Currently leased to reliable occupants, this property ensures stable cash flow and minimal vacancy risk. A rare chance to secure a turnkey multi-residential asset with proven performance and significant upside in a growing rental market. (id:51158)

Property Details

MLS® Number W12421074
Property Type Multi-family
Community Name Brookhaven-Amesbury
Features Wheelchair Access
Parking Space Total 4

Building

Bathroom Total 6
Bedrooms Above Ground 6
Bedrooms Total 6
Age 0 To 5 Years
Appliances Dishwasher, Dryer, Stove, Washer, Refrigerator
Architectural Style Raised Bungalow
Basement Development Finished
Basement Features Walk Out
Basement Type N/a (finished)
Cooling Type Wall Unit
Exterior Finish Brick
Foundation Type Concrete
Heating Fuel Natural Gas
Heating Type Heat Pump
Stories Total 1
Size Interior 700 - 1,100 Ft2
Type Triplex
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 125 Ft
Size Frontage 40 Ft
Size Irregular 40 X 125 Ft
Size Total Text 40 X 125 Ft
Zoning Description Residential

Utilities

Cable Installed
Electricity Installed
Sewer Installed

https://www.realtor.ca/real-estate/28900803/16-john-best-avenue-toronto-brookhaven-amesbury-brookhaven-amesbury

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