Description

Rooming House under 2008 permit containing 15 dwelling rooms in a ready-to-license property renovated top to bottom! Reach out for a comprehensive info package and to schedule a tour. Unparallelled rental income potential exceeding 6% cap rate and primed for significant upside in a location undergoing a profound transformation with the George Street Revitalization project across the street, highrise developments all around, and the best of Toronto already within walking distance. The three above-grade floors each feature four bedrooms sharing kitchen and bathroom facilities, plus a below-grade self-contained three-bedroom unit with both front and rear access. All throughout: cast iron water radiant heating, new tilt and turn windows, new vinyl plank flooring, new lighting, new fire safety components, new drywall, new doors, new carpet for stairs, new cabinets, new vanities, and a huge rooftop deck providing skyline views allowed by the 2008 permit.

Details