Newly built, thoughtfully designed residence offering a turnkey income fourplex offering an attractive projected cap rate of approximately 5%. Gross Rent (Est.) is $177,600 per annum, and Net Operating Income is approximately $154,554 per annum. Property is over 4,400 sq ft., comprised of four spacious, two-story townhome-style suites. Each suite features 2 bedrooms and 2 to 3 bathrooms, carefully laid out to maximize both functionality and comfort. The interiors are finished with contemporary design elements throughout, highlighted by sleek kitchens equipped with stainless steel appliances, stone countertops, and generous cabinetry. Bright and airy principal rooms are complemented by large windows and elevated ceiling heights, creating a warm, inviting living environment across all units. Three units have balconies and patios with gas connections for BBQs. The lower level is enhanced with radiant-heated polished concrete floors, delivering both modern appeal and year-round comfort. Additional features include in-suite laundry, electric fireplaces, efficient forced-air heating, and central air conditioning, ensuring convenience and ease of living for both owners and tenants. Located within the prestigious Wychwood / Hillcrest enclave, this address offers a refined urban lifestyle defined by character, culture, and convenience. Situated steps from transit along Davenport and near Ossington, the property offers easy access to surrounding neighbourhoods, parks, and local amenities, earning the area a reputation as a"Walker's Paradise. Just minutes from St. Clair Avenue West, residents enjoy easy access to shops, cafes, restaurants, and everyday essentials, along with convenient TTC transit connections to downtown Toronto and surrounding neighbourhoods.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
1892 sq. ft. Square Feet
Total Area:
1,892.45 sq. ft.176 m2
Lot Depth:
108'2"33 m
Lot Frontage:
17'6"5.33 m
Bedrooms:
8
Bathrooms:
2.0
Water supply:
Municipal
Kitchens:
4
Zoning:
CR1.5(c1;r1.5*1593)
Heating type:
Gas Forced Air Open
Heating Fuel:
Gas
Garage:
None
Parking Spaces:
2
Possession Details:
Immediate
Lot Irregularities:
Irregular*see survey
HST Applicable To Sale Price:
Included In
Development Charges Paid:
Yes
Type Taxes:
Annual
Taxes:
$15,964 /
2026
Assessment:
$- /
-
Toronto
Toronto C02
Wychwood
Boiler and Tankless Water Heater
Ownership Opportunities-This versatile property lends itself to a variety of ownership structures: Owner-Occupier Investment: Live in one suite while generating high rental income from the remaining three units. Alternatively, the Builder can combine two or more suites to create a larger family home while renting out the remaining units. Co-Ownership Model: Ideal for joint ownership, with each party owning two suites-living in one while generating income from the other.Multi-Generational Living: A practical solution for extended families seeking proximity with privacy, allowing each household to enjoy its own self-contained space
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