20 Redwing Pl - Apartments FOR SALE


Toronto, ON M3C 2A8- Banbury-Don Mills/York Mills
$2,200,000 CAD
416-222-8600
20 Redwing Pl, Toronto, ON for Sale
$2,200,000 CAD
Apartments - FOR SALE
1/1
null | Request Cap Rate


HIGHLIGHTS

  • Total Capacity: 5 units (3 x 3-bed units, 2 x 2-bed basement units, plus a 2-story Garden Suite).
  • Income Potential: Projected gross income of $190,000.
  • Utilities: All units have separate meters, paid by the tenants.
  • Financing: You can qualify for CMHC mortgage financing (with 0-10% down), which is not available for a standard four-unit setup.

OVERVIEW

Welcome to 20 & 20A Redwing Place! The owner has applied for a permit to upgrade the property into a 5-plex without demolishing the two existing houses in the heart of Don Mills. The original semi has been totally renovated, with a brand-new main and upper floor featuring 3 bedrooms, 2 baths, and a spacious kitchen, living, and dining area.Number 20A, with over 4,800 sq. ft. including the basement, has also been recently renovated. It features a large entryway, main-floor laundry, a sun-filled living and dining area, a family room, and a massive eat-in kitchen with a walkout to the deck and a large, private backyard. Upstairs, you will find a spacious primary bedroom with a walk-in closet, a 6-piece ensuite, and 3 other huge bedrooms. The basement is being modified into two 2-bedroom apartments with a separate entrance. The 2-car garage will be replaced by a new 2-story garden suite, and the driveway is being updated to fit 7 cars. With a lot size of over 10,000 sq. ft., this is an incredible investment opportunity: enjoy 5-plex living, rent out four units while living in the fifth, or rent out all five-the possibilities are endless! Key Improvements Made. All staging are virtual.

FOR SALE DETAILS

PRICE

$2,200,000 CAD

PRICE/SF

$458 CAD /SF

# OF UNITS

5

PRICE/UNIT

$440,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,215 SF

ZONING

RS

APN/PARCEL ID

190810136001500

ASK ABOUT THIS PROPERTY

Fred KhaddadRE/MAX Realtron Realty IncMore Info
416-222-8600

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Fred KhaddadRE/MAX Realtron Realty IncMore Info
416-222-8600

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