147 Euclid Avenue, Toronto - Listed at $1. | Modern Solution Realty

147 Euclid Avenue, Toronto

147 Euclid Avenue in Toronto - 5 bedroom, 3 bathroom. Listed at $1.

**SHOVEL-READY 7-UNIT DEVELOPMENT OPPORTUNITY**One-of-a-kind, permit-ready opportunity for investors and builders! Start construction immediately on this beautifully designed **7-unit purpose-built rental project**, featuring a **6-unit main building plus a separate two-storey laneway house**.The approximately **4,610 sq. ft. main building** features a thoughtfully designed unit mix of **four 2-bedroom units and two 1-bedroom units**. The separate **1,230 sq. ft. laneway house** is a two-storey residence featuring **3 bedrooms and 3 bathrooms**.**CMHC financing package available and ready for application** for this purpose-built rental development. The project offers projected **Effective Gross Revenue (EGR) of $271,212 annually**, or approximately **$38,745 per unit**, with projected **Net Operating Income (NOI) of $220,686 annually**, or approximately **$31,527 per unit**.An exceptional opportunity to acquire a **shovel-ready, permit-ready development** with a strong projected income profile and attractive long-term rental potential. Ideal for investors, builders, and developers looking for a turnkey purpose-built rental project.**6-Plex + Laneway House | 7 Units | 4 x 2-Bed + 2 x 1-Bed + 1 x 3-Bed | Approx. 5,840 Sq. Ft. Total GFA | Permit Ready | CMHC Package Available | Projected NOI $220,686**

Property Details

  • Property Type: Mortgage
  • Style: 2-Storey
  • Basement: Finished with Walk-Out
  • Heating: Gas
  • Cooling: Central Air
  • Parking: 1 space
  • Property Taxes: $8,295/yr
  • Neighbourhood: Trinity-Bellwoods
  • Postal Code: M6J 2J8

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