1408 Kingston Rd Local commercial 617 m² 100 % Loué À vendre Toronto, ON M1N 1R3 1 246 944 € (2 019,86 €/m²) Taux de capitalisation 5,33 %

Take advantage of this prime 7-unit multiplex for sale, featuring 6 x 2-bedroom units and 1 x 1-bedroom unit. Three of the units were renovated in 2023 and are currently owner-occupied, offering potential for additional rental income. One of the larger 2-bedroom units on the second floor has two entrances and the potential to be split into two separate units, providing even more value. This property presents a great value-add opportunity for the right operator. All units are separately metered for hydro, and there are 3 gas meters in total. Some long-term tenants are in place, but vacant possession can be provided for certain units. The property also includes 3 parking spots and has a flat roof that was replaced in 2024. With a current gross income of $130,000, this is an ideal investment for both experienced investors and first-time buyers looking to get into the market.