14 Bedroom
15 Bathroom
3,500 - 5,000 ft2
Fireplace
Central Air Conditioning
Forced Air
$5,999,000
Rare Investment Opportunity in the Annex - Two semi-detached homes offered together and thoughtfully converted into a substantial 3.5-storey, 7-unit multiplex. The property comprises one spacious 3-bedroom, 3-bathroom suite and six well-appointed 2-bedroom, 2-bathroom suites, each featuring ensuite laundry. Hydro and gas are separately metered, providing operational efficiency and convenience.Featuring tall ceilings and exceptional scale, the combined buildings form one of the largest residential structures in the Annex. Situated at the end of a laneway, the property offers the rare advantage of 7 on-site parking spaces.Fully leased with stable rental income, the property is being offered at a cap rate above 4%, presenting an attractive opportunity for investors. Alternatively, its remarkable size and configuration offer future potential for conversion into an extraordinary single-family residence.As a designated heritage property, ownership may be eligible for reduced property taxes and municipal financial assistance programs that support the preservation and maintenance of the building's exterior. (id:64876)
Property Details
|
MLS® Number
|
C13458602 |
|
Property Type
|
Multi-family |
|
Community Name
|
Annex |
|
Features
|
Irregular Lot Size |
|
Parking Space Total
|
7 |
Building
|
Bathroom Total
|
15 |
|
Bedrooms Above Ground
|
14 |
|
Bedrooms Total
|
14 |
|
Basement Features
|
Apartment In Basement |
|
Basement Type
|
N/a |
|
Cooling Type
|
Central Air Conditioning |
|
Exterior Finish
|
Brick |
|
Fireplace Present
|
Yes |
|
Foundation Type
|
Block |
|
Half Bath Total
|
1 |
|
Heating Fuel
|
Electric |
|
Heating Type
|
Forced Air |
|
Stories Total
|
3 |
|
Size Interior
|
3,500 - 5,000 Ft2 |
|
Type
|
Other |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
126 Ft |
|
Size Frontage
|
49 Ft ,2 In |
|
Size Irregular
|
49.2 X 126 Ft |
|
Size Total Text
|
49.2 X 126 Ft |
Utilities
|
Electricity
|
Installed |
|
Sewer
|
Installed |
https://www.realtor.ca/real-estate/29918857/173-175-madison-avenue-toronto-annex-annex
