10 Bedroom
6 Bathroom
2,000 - 2,500 ft2
Central Air Conditioning
Forced Air
$1,325,000
Exceptional **Student Housing Investment Opportunity** in a prime *North York* location, directly across from York University, one of Canada's largest universities with consistently strong rental demand. This semi-detached residential property has been purpose-built and optimized for student rentals, offering *10 spacious bedrooms and 6 full washrooms*, along with a double car garage and efficient layout designed for maximum cash flow. Each bedroom is separately leased, significantly reducing vacancy risk and enhancing rental stability. The property is fully leased with a strong gross monthly rent of $9,200, translating to an impressive gross annual income of $110,400. Offered at $1,325,000, this asset delivers an attractive *ROI of approximately 8.33%*, making it a compelling option for investors seeking immediate income with long-term appreciation potential. Located steps from Main University campus, transit, shopping, dining, and everyday amenities, this property benefits from constant student demand, ensuring reliable occupancy year after year. Purpose-driven student housing in this location is increasingly scarce, positioning this offering as a solid, recession-resilient investment within the Toronto market. The surrounding neighborhood is exceptionally well-serviced, with excellent transit connectivity, including nearby TTC routes and subway access, ensuring seamless commuting across Toronto. Tenants enjoy close proximity to shopping centres, grocery stores, restaurants, cafes, banks, and everyday amenities. Ideal for investors looking to expand their portfolio with a turn-key, cash-flow-positive asset in a high-growth rental corridor. Excellent income today with strong upside potential tomorrow. A rare opportunity to acquire a well-performing student rental property in one of North York's most sought-after university locations. Income, measurements, and zoning etc to be verified by buyers and their agents. (id:61594)
Property Details
|
MLS® Number
|
W12647846 |
|
Property Type
|
Single Family |
|
Community Name
|
York University Heights |
|
Parking Space Total
|
2 |
Building
|
Bathroom Total
|
6 |
|
Bedrooms Above Ground
|
7 |
|
Bedrooms Below Ground
|
3 |
|
Bedrooms Total
|
10 |
|
Appliances
|
Garage Door Opener Remote(s), All, Dryer, Two Stoves, Washer, Window Coverings, Refrigerator |
|
Basement Features
|
Separate Entrance |
|
Basement Type
|
N/a |
|
Construction Style Attachment
|
Semi-detached |
|
Cooling Type
|
Central Air Conditioning |
|
Exterior Finish
|
Brick |
|
Flooring Type
|
Laminate, Ceramic, Concrete |
|
Foundation Type
|
Concrete |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Size Interior
|
2,000 - 2,500 Ft2 |
|
Type
|
House |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
105 Ft ,1 In |
|
Size Frontage
|
20 Ft |
|
Size Irregular
|
20 X 105.1 Ft |
|
Size Total Text
|
20 X 105.1 Ft |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Second Level |
Primary Bedroom |
|
|
Measurements not available |
|
Second Level |
Bedroom 2 |
|
|
Measurements not available |
|
Second Level |
Bedroom 3 |
|
|
Measurements not available |
|
Second Level |
Bathroom |
|
|
Measurements not available |
|
Third Level |
Bedroom 3 |
|
|
Measurements not available |
|
Third Level |
Bathroom |
|
|
Measurements not available |
|
Third Level |
Primary Bedroom |
|
|
Measurements not available |
|
Third Level |
Bedroom 2 |
|
|
Measurements not available |
|
Basement |
Bedroom |
|
|
Measurements not available |
|
Basement |
Bedroom 2 |
|
|
Measurements not available |
|
Basement |
Bedroom 3 |
|
|
Measurements not available |
|
Basement |
Bathroom |
|
|
Measurements not available |
|
Basement |
Laundry Room |
|
|
Measurements not available |
|
Main Level |
Living Room |
|
|
Measurements not available |
|
Main Level |
Bedroom |
|
|
Measurements not available |
|
Main Level |
Kitchen |
|
|
Measurements not available |
|
Main Level |
Bathroom |
|
|
Measurements not available |
https://www.realtor.ca/real-estate/29202121/377-assinboine-road-toronto-york-university-heights-york-university-heights
