122 Parkmount Rd (Danforth & Coxwell)
Price: $1,390,000
Status: For Sale
MLS®#: E8300978
- Tax: $5,123.65 (2023)
- Community:Greenwood-Coxwell
- City:Toronto
- Type:Residential
- Style:Semi-Detached (2-Storey)
- Beds:4+1
- Bath:3
- Size:1100-1500 Sq Ft
- Basement:Apartment (Sep Entrance)
Features:
- ExteriorBrick, Metal/Side
- HeatingHeat Pump, Electric
- Sewer/Water SystemsPublic, Sewers, Municipal
- Lot FeaturesHospital, Public Transit, Rec Centre, School
Listing Contracted With: RE/MAX ULTIMATE REALTY INC.
Description
Live in one unit and rent the other two! Welcome to this stunning property nestled on a tranquil, tree-lined residential street, perfectly positioned between Danforth and Monarch Park. This impeccably crafted 3-unit home offers a gross rent of $7450/month, presenting a lucrative income stream for savvy investors or end-users who wish to live in one of the units and rent out the others. Fully renovated in 2017 with over $400K in renovations, each unit features separate entrances, ensuite laundry, and their own heating and cooling systems. With a projected CAP rate of 5.87% and positive cash flow, this property represents a rare find in Toronto's competitive real estate market. The main floor unit and basement unit are currently vacant, offering flexibility for new owners to either move in or rent out at market rates. The second-floor unit boasts vaulted ceilings in the bedroom and bathroom, adding a touch of grandeur, while both the second-floor and main floor units feature inviting decks, perfect for relaxing or entertaining. Whether you're seeking a turnkey investment property or a stunning residence with income potential, this opportunity offers the best of both worlds.
Highlights
Enjoy easy access to amenities & transportation options. The proximity to Coxwell Station makes commuting a breeze, with a mere 9-min walk. 1 designated parking spot at the rear of the property. Open House Sat May 11th & Sun May 12th, 2-4pm
Want to learn more about 122 Parkmount Rd (Danforth & Coxwell)?
ALI HONARMAND Sales Representative
CENTURY 21 LEADING EDGE REALTY INC., BROKERAGE
Proudly Serving GTA (Halton, Peel, Durham, York And Toronto) Since 2011
- (647) 309-1928
- (416) 494-5955
- (416) 494-4977
Rooms
Real Estate Websites by Web4Realty
https://web4realty.com/