377 ASSINIBOINE ROAD, Toronto (York University Heights), Ontario, M3J0A6

Property Description

Exceptional Income-Producing Investment Opportunity in a prime North York location, directly across from York University, within one of Toronto's most active and resilient rental corridors. This FREEHOLD Semi-Detached residential property has been thoughtfully configured to maximize rental income, featuring 10 spacious bedrooms and 6 full washrooms, an efficient floor plan, and a double car garage-all designed to support strong, consistent cash flow. The property is fully leased, generating a strong gross monthly rent of $9,200, which translates to an annual gross income of $110,400. The diversified rental configuration enhances income stability while reducing overall vacancy exposure. Offered at $1,325,000, this asset delivers an attractive gross ROI of approximately 8.35%, making it a compelling option for investors seeking immediate cash flow along with long-term appreciation. Its proximity to a major employment and institutional hub, combined with excellent transit connectivity, ensures sustained tenant demand throughout the year. The surrounding neighborhood is exceptionally well serviced, with easy access to TTC routes, subway stations, shopping centres, grocery stores, restaurants, cafes, banks, and everyday amenities, further supporting strong rental performance. This is a turn-key, cash-flow-positive investment in a high-growth North York market-ideal for investors looking to enhance their portfolio with a well-performing asset offering solid income today and meaningful upside potential over time. Hurry before it is gone!! (id:64974)

Quick Facts

• Property Type: House (Freehold)
• Bedrooms: 10 (7 above, 3 below)
• Bathrooms: 6
• Ownership: Freehold
• Attached: Yes
• Parking: 2 spaces (Detached Garage, Garage)
• Frontage: 20 ft (6.1 m)

Costs

• Annual Taxes: $6,084.00

Listing Provided by: CITYSCAPE REAL ESTATE LTD.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.