Sidebar Fav/

    Rare and spectacular investment opportunity offered at a true 6.7% cap rate and only $230k per unit! This fully-rebuilt property is comprised of 36 beautiful apartments (24 X 1-bed, 12 X 2-bed) in two buildings. All units are separately metered for hydro and water, so the landlord pays nothing but house hydro! Completely rebuilt with permits in the last 5 years, this low-maintenance property boasts new plumbing, electrical, HVAC, kitchens, bathrooms, windows, fire and security systems, roof, and more! No elevators, parking lots, or balconies to worry about. Just enjoy the incredible cashflow and strong appreciation. Further upside may be realized by renting the new storage lockers to tenants. Situated on the future LRT transit route, this beautiful property is close to everything. Full data room is available for easy diligence - including a recent clean Phase 1 Environmental. This fully-leased property is being offered at this price for a very limited time for a quick sale. This will sell quickly - it is the best value on the market today! (id:24093)
    Listed by MARTINUS DOMINICUS GELEYNSE of SOTHEBY'S INTERNATIONAL REALTY CANADA

    Property Details of 540 King Street East

    Property Details

    Utilities and Appliances

    Map Location

    Never Miss New Listings

    Never miss new listings between $7,457,000 - $9,114,000 in this neighborhood
    Successfully Subscribed!
    We will never spam you or sell your details. You can unsubscribe whenever you like.

    "Based on information submitted to CREA as of May 24, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

    Hi there! How can we help you?

    Contact us using the form below or give us a call.

    Send Us A Message:

    Do not fill in this field:

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Hi there! How can we help you?

    Contact us using the form below or give us a call.

    Send Us A Message:

    Do not fill in this field:

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Hi there! How can we help you?

    Contact us using the form below or give us a call.

    Send Us A Message:

    Do not fill in this field:

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Do not fill in this field:

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Do not fill in this field:

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Do not fill in this field:

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    $

    Do not fill in this field:

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.