1408 Kingston Road, Toronto E06 - Sold for $1,467,000 | Modern Solution Realty

1408 Kingston Road, Toronto E06

1408 Kingston Road in Toronto E06 - 13 bedroom, 9 bathroom. Sold for $1,467,000. Listed at $1,600,000.

6.6% Cap Rate! 6 Unit Multiplex For Sale. Plus One Non-Conforming Unit In Bsmt. 6 x 2 Bed Units. 1 x 1 Bed Unit. 3 Renovated Units (2023) Currently Owner Occupied Suite Could Be Split Into 2 units. 2nd Floor Large 2 Bed Unit Has 2 Entrances And Has Potential To Split As Well. Value-Add Opportunity For The Right Operator. All Units Have Separate Hydro Meters. 3 Gas Meters. Some Long Term Tenants But Vacant Possession Be Discussed. 2 Parking Spots On Property, One Rented From Neighbour. Flat Roof Replaced 2024. Great Investment Property For An Experienced Investor Or First Timer. Current Gross Income $130,000. Insurance $5,980, Hydro $5,400, Gas $5,400, Water $6,600. Easy Access To Subway, Beaches, Shops On Kingston Rd, TTC Bus Stop At Door Step, Birchmount Park & Community Centre. Some Virtually Staged Photos.

Property Details

  • Property Type: Mortgage
  • Style: 2-Storey
  • Basement: Separate Entrance
  • Heating: Gas
  • Cooling: Central Air
  • Parking: 3 spaces
  • Property Taxes: $7,246/yr
  • Neighbourhood: Birchcliffe-Cliffside
  • Postal Code: M1N 1R3

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