587 Danforth Road, Toronto E04, ON
Description
Property Highlights
Welcome to this remarkable ["2-Storey"] multiplex located in the coveted neighborhood of Clairlea-Birchmount. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,650,000 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.
- 10 Bedrooms and 6 Bathrooms with 6 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 107.13 x 130 ft lot
- Features a ["apartment"] basement, adding superb versatility for recreation, a home gym, or extra storage
- 19.0 total parking spaces available with a convenient detached configuration
- Notable attributes: None
- equipped with ["none"] central cooling and highly efficient forced air heating via gas
User/Investment Opportunity: Meticulously Maintained Multi-Plex in Desired corner Location. This property boasts an unbeatable location, with a TTC bus stop steps from your doorstep and close proximity to all amenities and downtown, offering immense appeal to tenants. The building features six residential units, comprising four 2-bedroom units and two 1-bedroom units. Each unit benefits from two separate access points, enhancing privacy and convenience. All units are currently occupied by month-to-month tenants, providing immediate income and flexibility for future strategies. Each unit includes a 3-piece washroom. A shared coin laundry facility adds an attractive amenity for residents and an additional income stream for the owner. Equipped with two furnaces with humidifiers (approx. 10 years old), four owned gas hot water tanks, two separate gas meters and separate hydro meters for each unit. Roof is approximately 12 years old. Some units are equipped with portable window air conditioning units. Ample exterior parking and 4-car detached garage. This property presents a compelling investment with an estimated annual gross income of $100,414.80 and an estimated annual expense of $27,553.00, with and estimated Net Operating Income (NOI) of 72,861.80.
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Data-driven valuation for 587 Danforth Road, Toronto E04, ON M1S 1P4
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