$3,195,000
531 Delaware Ave N
Toronto C02, ON M6H 2V3
531 Delaware Ave N, Toronto C02 — Listed at $3,195,000. 10 bedroom, 10 bathroom 3-Storey Multiplex. MLS® C12843388.
Description
Prime downtown Toronto investment opportunity. This well-maintained 6-plex features four spacious two-bedroom, two-bathroom units with in suite laundry and smart layouts that attract reliable tenants. A versatile laneway house adds bonus income potential for a total of 6 legal units. Built in 2022, this property is NOT subject to rent control. All units are occupied by professional AAA tenants, delivering a true set-it-and-forget-it stabilized asset with strong, predictable cash flow. Annual revenue of $179,400 with an impressive 5%+ cap rate. A rare opportunity in one of the city's most desirable urban cores. Do not let it pass you by.
Property Details
Listing Courtesy of: Royal Lepage Real Estate Associates
MLS® #C12843388
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HouseIndex Take: 531 Delaware Avenue N
This multiplex (3-Storey) is located in the Wychwood neighbourhood of Toronto.
The home offers 10 bedrooms, 10 bathrooms.
Features include a apartment basement, 1 parking space.
Additional details: lot dimensions of 22.5 × 123.8 feet.
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About Toronto Real Estate
This Multiplex is located in the Wychwood community in Toronto. Toronto is Canada's largest city and the economic hub of the Greater Toronto Area. With world-class transit, diverse neighbourhoods from the Annex to Scarborough, and proximity to major employers in the Financial District, it remains the most sought-after real estate market in Ontario. Buyers benefit from extensive GO Transit and TTC subway connectivity.