293/295 Indian Grove, Toronto, Ontario M6P 2H6

Listed for:
$3,490,000
0 beds
0 baths
Listed 12 days ago
Multi-Family for rent: 293/295 Indian Grove, Toronto, Ontario M6P 2H6

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About

Cross Streets: Keele and Bloor. ** Directions: North of Glenlake, East of Keele. High Park legal 6-plex plus shovel-ready garden suites! 4 two-bedroom units and 2 large, bright one-bedroom lower level units, 4 of 6 renovated, 100% leased with in-place NOI of $144,860. 2 BR units approx 892 Sq Ft & 1 BR units are approx 794 Sq Ft. COA approved and building permits issued (transferable) for two new rent-control-exempt garden suites: a 3 bed (1,137 sf) and a 2 bed (971 sf). Design, permit fees and DCs already paid, and a fixed-price CCDC build quote in hand - the approvals work is done, grow from 6 units to 8. Additional upside as two legacy 2-bedroom units turn over to market. Rare 4-car detached garage and private drive. All units with separate upgraded electric panels. Coin laundry. Exceptional investment and solid money maker on a nice lot. Short walk to Bloor shops, Keele subway station and High Park. Own a stabilized 6-plex today and an 8-plex tomorrow. Great opportunity to own a High Park North asset. (id:27476)

Property Highlights

MLS® Number
W14141202
Type
Multi-family
Community Name
High Park North
Land Size
Bldg=47.9 x 133.8 FT
Parking Space Total
4

Building

Building Type
Multi-Family
Square Footage
5200 sqft
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Radiator
Heating Fuel
Building Cooling Type
None

Utilities

Water
Municipal water

Location

Learn more about this property
Listing provided by:
VALERY REAL ESTATE INC.
MLS® number:
W14141202
Agent:
Nathaniel Chiu
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