16 John Best Avenue, Toronto, Ontario M9N 1C3

Listed for:
$1,600,000
6 beds
6 baths
Listed 56 days ago
Triplex for rent: 16 John Best Avenue, Toronto, Ontario M9N 1C3

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Learn more about this property
Listing provided by:
FOREST HILL REAL ESTATE INC.
MLS® number:
W12421074
Agent:
Jay Nusbaum
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About

Cross Streets: Jane / Lawrence. ** Directions: JANE/LAWRENCE. Exceptional investment opportunity! This fully renovated triplex generates nearly $120,000 in annual income, offering a strong cap rate of over 6%. Each of the three units is thoughtfully designed as a spacious 2-bedroom, 2-bath layout, with modern finishes and updated systems for peace of mind. Accessibility is prioritized with elevator access and barrier-free design, making the suites highly desirable for long-term tenants. Currently leased to reliable occupants, this property ensures stable cash flow and minimal vacancy risk. A rare chance to secure a turnkey multi-residential asset with proven performance and significant upside in a growing rental market. (id:27476)

Property Highlights

MLS® Number
W12421074
Type
Multi-family
Community Name
Brookhaven-Amesbury
Land Size
40 x 125 FT
Parking Space Total
4

Building

Building Type
Triplex
Storeys
1.00
Square Footage
700 - 1100 sqft
Bathrooms Total
6
Bedrooms Above Ground
6
Bedrooms Total
6
Exterior Finish
Brick
Fireplace Present
No
Basement Type
N/A (Finished)
Basement Features
Walk out
Building Heating Type
Heat Pump, Not known
Heating Fuel
Electric, Natural gas
Building Cooling Type
Wall unit

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location