1160 Dufferin St - Multi-Family FOR SALE


Toronto, ON M6H 4B8- Dovercourt/Davenport/Junction
$1,399,000 CAD
416-236-1871
1160 Dufferin St, Toronto, ON for Sale
$1,399,000 CAD
Multi-Family - FOR SALE
1/26
null | 8% Cap Rate

1160 Dufferin St
Toronto, ON M6H 4B8
Dovercourt/Davenport/Junction


HIGHLIGHTS

  • Highly visible corner property
  • Renovate for higher rental yield with an anticipated 8% leveraged return
  • Redevelop into a purpose-built rental apartment
  • Major Streets Initiative
  • Short walk from Dufferin Subway Station

OVERVIEW

Renovate or build, two great options for this highly visible corner property in Toronto's West Junction-Wallace area. Take advantage of the existing 4-unit building: 1-Commercial and 3-Residential units, and renovate them for higher rental yields with an anticipated 8% leveraged return, or benefit from Toronto's Major Street Initiative and create a design-build option for purpose-built multi-residential apartments. The property features a 425 sq. ft. main-floor commercial unit and three residential apartments located on the rear and upper levels. This well-maintained building offers almost 2,400 sq. ft. of above-grade space, with a flexible and income-friendly unit mix of two one-bedroom apartments and one three-bedroom apartment. Nestled in a desirable, transit-oriented location just minutes from Dufferin Station, the property benefits from strong rental demographics, excellent connectivity, and an impressive Walk Score of 88. Conveniently located near shops, restaurants, a community centre, and schools. Seller is a Registered Real Estate Agent (RREA).

FOR SALE DETAILS

PRICE

$1,399,000 CAD

PRICE/SF

$459 CAD /SF

# OF UNITS

4

PRICE/UNIT

$349,750

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1160 Dufferin Street

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1942

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,249 SF

ZONING

R(d0.6*740)

APN/PARCEL ID

190403129008100

ASK ABOUT THIS PROPERTY

Ian WilsonRoyal LePage Real Estate Services LtdMore Info
416-236-1871

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Ian WilsonRoyal LePage Real Estate Services LtdMore Info
416-236-1871

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.