11 Dennis Avenue, Toronto, Ontario M6N2T7
11 Dennis Avenue, Toronto, Ontario M6N2T7
$1,579,900
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Basics
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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Location
- Neighborhoods: Mount Dennis, Toronto
Building Details
- Cooling: Wall unit
- Heat Type: Baseboard heaters (Electric)
- Water: Municipal
- Basement: Finished
- Exterior material: Brick
- Parking: Garage - detached
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Amenities & Features
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