$5,399,888
( $441.17Per Sq Foot )
 $28,988 est/mo Sourced by Back At You

156 Barrington Avenue , Toronto E03, ON M4C 4Z2

Toronto E03, ON M4C 4Z2

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Description

This exclusive 12-unit apartment building in Torontos East End offers a high-yield investment with a 2023 net operating income of $313,042 and a 5.8% cap rate. With 1 bachelor unit and 11 two-bedroom units, this 3-storey walk-up features intercom access, coin-operated laundry, and 8 rentable parking spaces, all designed to maximize income potential. Strategically upgraded, the property includes renovated kitchens, bathrooms, fresh paint, modern flooring, and 100-amp panels in each unit. A new boiler (2021) and 13 hydro meters add efficiency, making it an attractive choice for tenants and owners. Located near Danforth Village, Main Street Subway, and Danforth GO, the building is ideally situated for commuters, providing easy access to downtown Toronto and nearby amenities like parks, schools, and Greektowns vibrant community. High demand and rising rental rates make this area highly sought-after with low vacancy rates. With limited new construction, this property stands out as a turnkey investment with strong cash flow in a growing market.

Details

MLS#E10413083
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Days On Site93
Listing Provided ByRE/MAX GOLD REALTY INC. | Not Provided

Features

SQ Feet12,240
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 4 hours ago
StateON
CountyToronto
CityToronto E03
Zip CodeM4C 4Z2
AreaCrescent Town
Listing VS Median (in M4C 4Z2)
Price:
$5,399,888
low | high
Med:
$5,399,888
50% of Average
SqFt:
12,240
low | high
Med:
12,240
50% of Average
$ / SqFt:
$441
low | high
Med:
$441
50% of Average
On Site:
93
low | high
Med:
93.000000
100% of Average
Sourced by Back At You
Listing Updated: January 29, 2025 at 8:58:07 PM PST