$1,100,000
Available - For Sale
Listing ID: W11998336
33 Falstaff Ave , Toronto, M6L 2C6, Ontario
| This well-maintained and renovated (2022) three-unit property in the sought-after Rustic/Maple Leaf/Oakdale - Beverly Heights neighborhood offers a rare turnkey investment opportunity with a strong 8.5%+ cap rate. Featuring three well-managed units, the property has undergone extensive upgrades, including new kitchens and new baths, a new main-floor addition at the rear, a 200 AMP electrical panel, and a 1-inch water supply. Structural and exterior improvements include a new roof, new weeping tile in the front, new concrete slab at the front entry, a new sewer line with backflow preventer, and fresh driveway sealant. A brand-new furnace and new power-vented hot water tank (owned) ensuring energy efficiency. New flooring throughout all three floors of the house and freshly painted. Concrete patio slabs in the rear. This prime location provides easy access to shopping, transit, parks, and major highways(401/400/Black Creek), as well as to the Jane and Wilson Shopping Mall. With an estimated annual rental income of $104,000 and the possibility of full vacant possession, this property is ideal for investors or owner-occupiers looking for a high-yield, move-in-ready opportunity. |
| Price | $1,100,000 |
| Taxes: | $3705.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 33 Falstaff Ave , Toronto, M6L 2C6, Ontario |
| Postal Code: | M6L 2C6 |
| Province/State: | Ontario |
| Legal Description: | PCL C-6, SECT M520 PT BLK C, PL 66M520 D |
| Lot Size: | 30.00 x 120.00 (Feet) |
| Directions/Cross Streets: | Jane St and Falstaff Ave |
| Category: | Apartment |
| Use: | Apts-2 To 5 Units |
| Building Percentage: | N |
| Total Area: | 3606.00 |
| Total Area Code: | Sq Ft |
| Financial Statement: | Y |
| Taxes Expense: | $3705 |
| Insurance Expense: | $1976 |
| Heat Expenses: | $1227 |
| Water Expense: | $1704 |
| Gross Income/Sales: | $104820 |
| Operating Expenses: | $10111 |
| Year Expenses: | 2024 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | N |
| Heat Type: | Gas Forced Air Closd |
| Central Air Conditioning: | Y |
| Elevator Lift: | None |
| Sewers: | San+Storm Avail |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| HARVEY KALLES REAL ESTATE LTD. |
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At a Glance:
| Type: | Com - Investment |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | Rustic |
| Lot Size: | 30.00 x 120.00(Feet) |
| Tax: | $3,705 |
| Maintenance Fee: | $1,500 |
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