328 HIGH PARK AVENUE, Toronto (Junction Area), Ontario, M6P2S7

Property Description

Exceptional detached 2 1/2 storey investment opportunity in the heart of Toronto's highly sought-after Junction neighbourhood. This newly renovated and well-maintained multi-unit property features three self-contained suites, including two spacious three-bedroom suites (upper to be vacant on closing) and 1 one bedroom suite, offering strong and stable rental appeal with a current gross income of ~$108,300. The unfinished basement provides a value-add opportunity with the potential to create an additional two-bedroom suite, increasing future income potential to $135,000 or more. Ideally located on a prime stretch of High Park Avenue, this property benefits from excellent transit connectivity with easy access to TTC routes, major commuter arteries and just steps to the core of the vibrant Junction with its diverse mix of shops, cafés, restaurants, and everyday conveniences. High Park, one of Toronto's most iconic green spaces, is less than four blocks away. With strong rental demand, excellent walkability, and long-term appreciation, this property is well suited for investors seeking immediate cash flow or end-users looking to live in one suite while generating income from the others, offering a rare opportunity to acquire a versatile multi-unit property in a premier west-end neighbourhood with future expansion potential. (id:64974)

Quick Facts

• Property Type: Triplex
• Bedrooms: 7 (7 above)
• Bathrooms: 4 (1 half)
• Attached: Yes
• Parking: 5 spaces (Detached Garage, Garage)
• Frontage: 29 ft (8.8 m)

Costs

• Annual Taxes: $10,391.00

Listing Provided by: RE/MAX WEST REALTY INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.