Prime Multi-Res 8 years NEW building investment opportunity on College Street, Hotel and Short-Term Rental Allowed: 25-units Multifamily Building featuring 414 square feet of Commercial Space fronting College. This well-maintained property comprises 12 bachelor units, 11 one-bedroom units, and 2 two-bedroom units, ensuring a diverse tenant mix. With tenants responsible for all utilities, operational expenses are minimized, enhancing the building's financial performance. Located near the bustling intersection of College and Spadina in Toronto, this property offers unparalleled access to vibrant urban amenities and public transit, making it a highly attractive asset in a coveted neighbourhood.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
4792 sq. ft. Acres
Total Area:
4,791.6 sq. ft.445 m2
Retail Area:
400 sq. ft. Sq Ft
Office/Apt Area:
0 sq. ft. Sq Ft
Depth:
198'60.4 m
Frontage:
23'3"7.09 m
Water supply:
Municipal
Zoning:
CR 3.0
Heating type:
Gas Forced Air Closed
Garage:
None
Possession Details:
Immediate/TBA
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$62,541 /
2024
Assessment:
$- /
-
Toronto C01
Kensington-Chinatown
Toronto
No
Great NOI, Zero Vacancies; Rare to have a newer built 25 unit Multi-Res building on College so close to Universities and entertainment and transportation.
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