Toronto - Caledonia-Fairbank
Toronto - Caledonia-Fairbank
Sold For$829,000
Listed For $799,800
Sold Oct 2023
Attention investors / contractors looking to add to their portfolio. Rarely offered vacant duplex which had been operating as a triplex since 2008. High demand area close to transit, schools and parks with only 4-months of total vacancy in the last 15-years. The property has been cleaned to the studs after a fire in June and presents a blank canvas to build inside and increase rents. Fantastic 2022 Numbers pre-fire: Rent: $42,675, Property taxes: $3,324, Hydro: $1989, Gas: $1437, Water: $5724, Insurance: $873, Maintenance: $1841. Total expenses: $15,188, Profit: $27,487. Separate detached 2-car garage provides an additional source of rent as it comes with a 240v subpanel for a potential Tesla supercharger. Includes stainless steel appliances - 2 fridges, 2 stoves, 2 new dishwashers, A/C wi
* Values are estimates only and not a guarantee of lending or affordability.
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