5250 sqft
Fully Air Conditioned
Hot Water Radiator Heat
$3,099,000
4.6% CAP RATE! $2.27M ASSUMABLE MORTGAGE AT 2.19%! $4400 PER MONTH CASH FLOW AFTER MORTGAGE AND EXPENSES! Welcome To 555 Birchmount Rd, A Boutique 6-Plex Multi-Residential Building With Fully Renovated And Fully Tenanted Units At Market Rent In Desirable Clairlea-Birchmount! Incredible Investment Opportunity With An Assumable Mortgage At 2.19% Until December 2026! Gross Income: $167,967.56. Each Unit Has Been Meticulously Restored With All New Fixtures And Stainless Steel Appliances, Quartz Countertops, Refinished Hardwood Floors, And Air Conditioning. Five 2 Bedroom Units, And One 1 Bedroom Unit, All With Contemporary Finishes And Generous Floor Plans, In Addition To 7 Parking Spaces. Many Updates Including a Multi-Camera Security System, New NTI Commercial Tankless Hot Water System, New A.O. Smith Commercial Hot Water Tank, New Commercial Maytag Coin Operated Laundry Machines, Many New Windows, New Doors, Mini-Split Air Conditioners, Stucco Exterior, And More! Don't Miss This Opportunity To Own A Well Maintained, Well Capitalized, And Easy To Manage Investment Property. Gross Income: $167,967.56. Hydro/Gas/Water/Tax/Insurance: $25,640.81. **** EXTRAS **** 7 Hydro Meters. Close To All Amenities Including Shopping, Warden Station, Scarborough GO, Centennial College, Multiple Parks, And Great Schools. Easy To Manage Property With Great Tenants. See Virtual Tour Of Unit 302! (id:31697)
Business
|
BusinessType
|
Residential |
|
BusinessSubType
|
Apartments |
Property Details
|
MLS® Number
|
E9068752 |
|
Property Type
|
Multi-family |
|
Community Name
|
Clairlea-Birchmount |
|
ParkingSpaceTotal
|
7 |
Building
|
CoolingType
|
Fully Air Conditioned |
|
HeatingFuel
|
Natural Gas |
|
HeatingType
|
Hot Water Radiator Heat |
|
SizeInterior
|
5250 Sqft |
|
Type
|
Multi-family |
|
UtilityWater
|
Municipal Water |
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
SizeDepth
|
140 Ft ,2 In |
|
SizeFrontage
|
74 Ft ,3 In |
|
SizeIrregular
|
74.27 X 140.17 Ft |
|
SizeTotalText
|
74.27 X 140.17 Ft |
|
ZoningDescription
|
Rm |
https://www.realtor.ca/real-estate/27220062/555-birchmount-road-toronto-clairlea-birchmount-clairlea-birchmount
