16 Fennings Street, Toronto - $1,599,000 | Modern Solution Realty

16 Fennings Street, Toronto

16 Fennings Street in Toronto - 6 bedroom, 5 bathroom. Listed at $1,599,000.

Power of Sale Opportunity! Renovated semi detached property featuring 3 separate units with the potential to generate approximately $10,000/month in gross rental income when fully leased. The front unit is currently rented at $4,200/mo while the two additional units are vacant and recently renovated. Perfect for investors seeking strong rental income or end users looking to live in one unit while collecting rental income from the other two, helping significantly offset mortgage and carrying costs. Further upside with the potential to build a laneway home with 2 additional units subject to approvals and due diligence. Located in an excellent, highly desirable area within walking distance to vibrant neighbourhood amenities, restaurants, cafes, shopping, transit and more. A rare opportunity combining strong income potential, flexible living options and addition of potential laneway units increasing future value and upside!

Property Details

  • Property Type: Mortgage
  • Style: 2 1/2 Storey
  • Square Footage: 4250 sqft
  • Basement: Separate Entrance
  • Heating: Gas
  • Cooling: Central Air
  • Parking: 4 spaces
  • Property Taxes: $8,087.46/yr
  • Neighbourhood: Trinity-Bellwoods
  • Postal Code: M6J 3B8

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