173-175 Madison AVE new Save Request In-Person Tour Request Virtual Tour
Toronto C02,ON M5R 1V7
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Annex
MLS Listing ID C12260322
Style 3-Storey
Bedrooms 14
Building Age 51-99
Annual Tax Amount $20,514
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Unique Offering, Two-semi detached homes offered together for sale, converted into a 3.5 story 7- plex in the Annex. 1- 3 bedroom unit with 3 washrooms, and 6-2 bedroom units with 2 washrooms, all with ensuite laundry. Hyrdo electricity and gas is all separately metered. Tall ceilings. Combined, the two semis make one of the largest built structures in the Annex. The rear of the property is at the end of the laneway and has 7 car parking. Property is fully rented and is being offered for ~4% cap rate. Benefit from stable rental income or convert into a giant single family home. Heritage property status offers the benefit of lower property tax and financial assistance from the city to maintain the exterior of the building.
Location
Province ON
County Toronto
Community Annex
Area Toronto
Rooms
Family Room No
Basement Finished with Walk-Out
Kitchen 7
Interior
Interior Features None
Cooling Central Air
Fireplace Yes
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 49.21
Lot Depth 126.24
Total Parking Spaces 7
Building
Foundation Concrete