5 Sorauren Avenue, Toronto, Ontario M6R 2C6

Listed for:

$4,300,000

14 beds

7 baths

Listed 2 days ago

Other for rent: 5 Sorauren Avenue, Toronto, Ontario M6R 2C6

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About

Cross Streets: Sorauren & Queen. ** Directions: as per google map. Rare Multi-Residential Investment & Development Opportunity in Toronto! Exceptional opportunity to acquire an established legal 7-unit multi-residential property with approved plans for Phase 2 development of an additional 5 residential units - offering the potential for a 12-unit multi-residential property upon completion. The existing building consists of 7 self-contained residential units, providing immediate rental income while offering significant value-add potential through the approved second phase. Ideally situated in the highly desirable Sorauren/Parkdale neighbourhood, steps to Sorauren Avenue Park and minutes to Roncesvalles Village, Queen Street West, TTC, shops, restaurants and everyday amenities. An outstanding opportunity for investors, developers and multi-residential operators to acquire an income-producing asset with a clear path for further intensification in a prime Toronto location. Existing 7 legal units + approved plans for 5 additional units - a truly unique investment and development opportunity. (id:27476)

Property Highlights

MLS® Number

W13852858

Type

Multi-family

Community Name

Roncesvalles

Land Size

32.5 x 98 FT

Building

Building Type

Other

Storeys

2.00

Square Footage

3500 - 5000 sqft

Bathrooms Total

Bedrooms Above Ground

Bedrooms Total

Exterior Finish

Brick

Fireplace Present

Basement Type

None

Basement Features

Building Heating Type

Baseboard heaters, Forced air

Heating Fuel

Natural gas

Building Cooling Type

Central air conditioning

Utilities

Water

Municipal water

Utility Sewer

Sanitary sewer

Location

Learn more about this property

Listing provided by:

JDL REALTY INC.

MLS® number:

W13852858

Agent:

Angelica Chung

Phone:

(416) 838-1209

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