$1,395,000

Investment For Sale In Old East York, Toronto, Ontario

$1,395,000

Property Information:

Not your standard income property! We are talking high end finishes no details or space has been overlooked. Welcome to 435 Mortimer Avenue, an income property in Toronto's Danforth Village-East York neighbourhood. Registered as a duplex with a basement apartment, the home currently offers three self-contained living spaces, each with its own kitchen, four-piece bathroom, and laundry. Every level has been thoughtfully laid out to make the most of its space, creating comfortable, independent homes well suited to city living.The main-floor one-bedroom suite features hardwood floors, a separate living room, and an updated eat-in kitchen. Upstairs, the bachelor-style suite offers hardwood floors and access to a beautiful private large patio/balcony, along with a new washer and dryer. The lower-level one-bedroom apartment has an open kitchen and living area, a separate bedroom, and its own laundry.Fully tenanted with an established rent roll, this is a compelling opportunity for an investor. The existing tenants willing to stay, offering continuity for a buyer looking to maintain the property's current rental use. The flexible layout may also appeal to multigenerational families or first-time buyers interested in exploring the possibility of living in one space while rental income from the others helps with ownership costs. Its East York location offers a residential setting with convenient access to downtown Toronto. Included in the sale are three fridges, three stoves, three washers and dryers, existing light fixtures, window coverings, and an owned on demand hot water heater. With independent entries and amenities on every level and income already in place, 435 Mortimer offers both immediate appeal and options for the future uses. Don't miss the exceptional opportunity that doesnt come along often. Roof - 2016, Air Conditioning - 2018, Owned tankless water heater - 2023. (id:27)

Building Features:

  • Style: Duplex
  • Building Type: Duplex
  • Air Conditioning: Yes
  • Basement Type: N/A
  • Exterior Finish: Brick, Wood
  • Floor Space: 1100 - 1500 sqft
  • Flooring Type: Hardwood, Ceramic
  • Foundation Type: Unknown
  • Heating Type: Radiant heat
  • Heating Fuel: Natural gas
  • Cooling Type: Wall unit
  • Appliances: Dryer, Stove, Washer, Window Coverings, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 2+1
  • Bathrooms: 3
  • Features: Carpet Free
  • Floor Space (approx): 1100 - 1500 Square Feet
  • Irregular: Yes
  • Lot Depth: 90 Feet
  • Lot Frontage: 18.8 Feet
  • Lot Size: 18.8 x 90 FT
  • Utility Type: Hydro - Installed, Sewer - Installed
  • Sewer: Sanitary sewer
  • Parking Type: No Garage

Rooms:

  • Living 2nd Level 2.11 m x 4.15 m
  • Kitchen 2nd Level 2.92 m x 3.12 m
  • Bedroom 2nd Level 3.99 m x 3.73 m
  • Kitchen Basement Level 0.23 m x 3.63 m
  • Bedroom Basement Level 3.71 m x 3.38 m
  • Living Main Level 4.19 m x 2.92 m
  • Kitchen Main Level 3.76 m x 3.41 m
  • Bedroom Main Level 5.46 m x 2.80 m

Courtesy of: RE/MAX ALL-STARS REALTY INC.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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