531 Delaware Avenue N, Toronto, ON M6H 2V3
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531 Delaware Avenue N, Toronto, ON M6H 2V3
531 Delaware Avenue N, Toronto, ON M6H 2V3
531 Delaware Avenue N, Toronto, ON M6H 2V3
531 Delaware Avenue N, Toronto, ON M6H 2V3
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Call It Closed International Brokerage

Call It Closed International Brokerage

+1(289) 937-0365
Listed by Jack Daniel Bernstein • Royal Lepage Real Estate Associates
$ 2,599,999
Est. payment /mo
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531 Delaware Avenue N Toronto, ON M6H 2V3

10 Beds

10 Baths

3,675 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-6-9 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 3,675 sqft

Price per Sqft $707

MLS Listing ID 40838104

Bedrooms 10

Abv Grd Liv Area 3,675

Annual Tax Amount $14,678

Property Sub-Type Multi-6-9 Unit

Source Cornerstone

Property Description

Prime downtown Toronto investment awaits in this well maintained 6-plex featuring four spacious two bedroom two bathroom units with separate in suite laundry and smart functional layouts that attract reliable tenants plus a versatile laneway house offering bonus living space for additional income or flexible use for a total of 6 legal units. Built in 2022 this property is NOT subject to rent control, delivering an impressive over 5% cap rate with all professional AAA tenants in place for a true set it and forget it stabilized asset that generates strong predictable cash flow. Underwriting documents, detailed financials, rent rolls, and supporting supplements are available for review. This rare opportunity in one of the city's most desirable urban cores won't last, don't let it pass you by!

Location

Province ON

County Toronto

Area Tc02 - Toronto Central

Zoning R

Rooms

Other Rooms Other

Basement Separate Entrance, Full, Finished

Kitchen 0

Interior

Interior Features Separate Heating Controls, Separate Hydro Meters

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Appliance Dishwasher, Dryer, Refrigerator, Stove, Washer

Laundry In-Suite

Exterior

Roof Type Flat

Lot Frontage 22.5

Lot Depth 123.8

Garage No

Building

Lot Description Airport, Dog Park, City Lot, Highway Access, Hospital, Library, Place of Worship, Public Transit, Schools

Story 3

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 3

Structure Type Stucco

New Construction No

Others

Senior Community No

Tax ID 212850169

Ownership Freehold/None

Virtual Tour https://vimeo.com/1197583563?share=copy

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531 Delaware Avenue N