For Sale

156 Barrington Avenue, Toronto (Crescent Town), Ontario M4C4Z2

$5,399,888

156 Barrington Avenue, Toronto (Crescent Town), Ontario M4C4Z2 is For Sale and has a listing price of 5,399,888. The property is located in the Crescent Town neighbourhood. It's been on the website for 46 Days.

  • Multi-family
    Property Type
  • Multi-family
    Building Type
  • 7
    Parking Spaces
  • MLS ID: E10413083
  • Office Name RE/MAX GOLD REALTY INC.,RE/MAX GOLD REALTY INC.
Property Description

This exclusive 12-unit apartment building in Torontos East End offers a high-yield investment with a 2023 net operating income of $313,042 and a 5.8% cap rate. With 1 bachelor unit and 11 two-bedroom units, this 3-storey walk-up features intercom access, coin-operated laundry, and 8 rentable parking spaces, all designed to maximize income potential. Strategically upgraded, the property includes renovated kitchens, bathrooms, fresh paint, modern flooring, and 100-amp panels in each unit. A new boiler (2021) and 13 hydro meters add efficiency, making it an attractive choice for tenants and owners. Located near Danforth Village, Main Street Subway, and Danforth GO, the building is ideally situated for commuters, providing easy access to downtown Toronto and nearby amenities like parks, schools, and Greektowns vibrant community. High demand and rising rental rates make this area highly sought-after with low vacancy rates. With limited new construction, this property stands out as a turnkey investment with strong cash flow in a growing market. **** EXTRAS **** Data room available for interested buyers. Review brochure and financials for more info (id:43137)

Property Details
  • MLS ID: E10413083
  • Price: $5,399,888
  • Transaction Types: For Sale
  • Ref ID: 27629111
  • Year Built: N/A
  • Building Type: Multi-family
  • Property Type: Multi-family
  • Property Type: All Houses
  • Property Sub Category: All Houses
Price History
List Date MLS ID List Price Status End Date Closed Price
11/06/2024 E10413083 $5,399,888 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Crescent Town
  • $657,755 Average List Price
    based on 1 year
  • 18 New Listings
    based on 30 days
  • 122 Median Days on Market
    based on 1 year
  • List vs. Selling Price 0.88 % Below
  • Sold (12mo) 57
  • Rented (12mo) 16

  • 1 Month Change -37.6%
  • 3 Month Change -11.4%
  • 6 Month Change +28.9%
Walkscore
Property Type Distribution
  • All Houses
    36.71%
  • Condo
    63.29%
Additional Details
  • Heat Source Natural Gas
  • Heating System Hot Water Radiator Heat
  • Water Municipal Water
  • Total Parking Spaces: 7
  • Property Features Irregular Lot Size
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 06/11/2024 00:00:00
  • Zoning R-rural
  • Agent Name: ADDY SAEED,HARJIT KAUR MINHAS
  • Last Updated: 08/11/2024 15:02:24
Open House Dates
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