$4,300,000
Available - For Sale
Listing ID: C12339187
18 Kenrae Road , Toronto, M4G 1Y1, Toronto
| Colliers (the Realtor) is pleased to present an exclusive opportunity to acquire 18 Kenrae Road, a boutique multifamily property located in the Leaside neighbourhood in East York. This is a rare opportunity to invest in a well-maintained, income-generating asset within one of Torontos most established and in-demand rental submarkets. The property offers strong rental upside and long-term value in a community known for its livability, accessibility, and stable tenant base. The property benefits from immediate access to public transit, with a TTC bus stop located just steps away, connecting directly to major subway lines. For commuters, the LRT Laird Station is currently under construction at Eglinton Avenue East and Laird Drive and is schedule to open in 2025. Don Valley Parkway is also just minutes away, providing convenient access to downtown Toronto and the broader GTA. The Property comprises 13 residential units, including 2 fully renovated suites featuring open-concept layouts, upgraded kitchens and bathrooms, and dishwashers. An additional 4 units have been partially updated with improvements to flooring, kitchens, and bathrooms. All suites are spacious and offer generous storage. 12 of 13 units feature private balconies. The property has been well maintained, with significant capital improvements already completed offering investors a turnkey asset with immediate operational stability and future upside through further unit renovations and rent optimization. |
| Price | $4,300,000 |
| Taxes: | $26376.63 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 18 Kenrae Road , Toronto, M4G 1Y1, Toronto |
| Postal Code: | M4G 1Y1 |
| Province/State: | Toronto |
| Legal Description: | LT 582 PL 2120 TWP OF YORK; PT LT 581 PL |
| Directions/Cross Streets: | Laird Dr / Kenrae Rd |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Use: | Apts - 13 To 20 Units |
| Building Percentage: | T |
| Total Area: | 9500.00 |
| Total Area Code: | Square Feet |
| Washrooms: | 0 |
| Rail: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary+Storm |
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| COLLIERS |
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At a Glance:
| Type: | Com - Investment |
| Area: | Toronto |
| Municipality: | Toronto C11 |
| Neighbourhood: | Leaside |
| Tax: | $26,376.63 |
| Fireplace: | N |
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