11 Dennis Avenue, Toronto, Ontario M6N2T7
11 Dennis Avenue, Toronto, Ontario M6N2T7
$1,499,900
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Basics
- Category: Apartment
- Type: Triplex
- Status: Price Change
- MLS #: W8195470
- Floors: 2
- Lot Size: 25.03 x 171.31 FT
- Total rooms: 13
- Room Description: 10+3
- Bedrooms: 6
- Bedroom Description: 4+2
- Bathrooms: 3
- Date added: Added 1 year ago
Description
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Description:
Don't Miss Out On This Amazing Chance To Acquire A Fully Renovated, Legally Zoned Triplex In A Rapidly Gentrifying Locale, Just A Stone's Throw Away From The New Mount Dennis Go Station. Revel In The Abundance Of Natural Light That Permeates Each Of The Three Immaculate Two-Bedroom Units, Complete With Their Own En-Suite Washer/Dryer. Additionally, Take Advantage Of The Capacious Backyard And Garage, Which Could Potentially Accommodate A Garden Suite To Further Enhance The Property's Density. Investment Ratios Going In Cap Rate: 4.3% Leveraged Cap Rate Based On 40% Down, At 5.25%: Avg 4.71% Leveraged Cap Rate Including 5% Appreciation Per Annum: 20.33% Positive Cash Flow After Debt: Achieved In Year 2
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Building Details
- Cooling: Wall unit
- Heat Type: Baseboard heaters (Electric)
- Water: Municipal
- Basement: Finished
- Exterior material: Brick
- Parking: Garage - detached
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