$3,999,900Asking Price
This very profitable legal apartment building comprises ten well-maintained units, strategically situated just two minutes away from Humber College. Its prime location makes it a highly desirable investment for those seeking strong returns and stable demand. The property offers versatility in management, as it can be operated either as a traditional rental or as an Airbnb business. This flexibility provides potential owners with the opportunity to choose the model that best suits their investment strategy and market conditions. The current tenant base is primarily composed of Humber College students. This revolving tenancy ensures a steady influx of occupants, contributing to the building's consistent profitability year after year. Significant renovations were completed in 2017 and 2019, resulting in the building being in excellent condition. These upgrades have enhanced the property's appeal and ensured that all units meet modern standards. The building is equipped with advanced security and safety amenities, including: Keyless/Key scan access for secure entry; API fire monitoring system; 24/7 security cameras installed throughout the premises; LED lighting for improved visibility and energy efficiency. A new roof was installed in 2017, providing long-term durability and protection. Additionally, the building features a tankless boiler system, ensuring efficient heating and optimal energy usage for all tenants. The units have separate meters (7 existing and 4approved).
This very profitable legal apartment building comprises ten well-maintained units, strategically situated just two minutes away from Humber College. Its prime location makes it a highly desirable investment for those seeking strong returns and stable demand. The property offers versatility in management, as it can be operated either as a traditional rental or as an Airbnb business. This flexibility provides potential owners with the opportunity to choose the model that best suits their investment strategy and market conditions. The current tenant base is primarily composed of Humber College students. This revolving tenancy ensures a steady influx of occupants, contributing to the building's consistent profitability year after year. Significant renovations were completed in 2017 and 2019, resulting in the building being in excellent condition. These upgrades have enhanced the property's appeal and ensured that all units meet modern standards. The building is equipped with advanced security and safety amenities, including: Keyless/Key scan access for secure entry; API fire monitoring system; 24/7 security cameras installed throughout the premises; LED lighting for improved visibility and energy efficiency. A new roof was installed in 2017, providing long-term durability and protection. Additionally, the building features a tankless boiler system, ensuring efficient heating and optimal energy usage for all tenants. The units have separate meters (7 existing and 4approved).
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 4 3-Piece Bathrooms on Ground Floor | ||||
| 2 3-Piece Bathrooms | ||||
| 5 3-Piece Bathrooms on Lower | ||||
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Long Branch, Toronto is a west Toronto neighbourhood notable for its singles, renters, executives, business and science professionals, salespeople and tradespeople. It has a higher than average population of Polish speakers. Residents tend to be older with a significant number of adults aged 30 to 44, 30 to 44, 30 to 44 and 30 to 44 and seniors aged 65 to 69.
Kids Per Family
0.9
kids per family
in the neighbourhood.
52%
of residents are
single and loving it.
52% singles
Toronto (50%)
52%
of residents
are renters.
52% renters
Toronto (47%)
39%
of residents are
university grads.
39% university grads
Toronto (48%)Average Household Income
$106K
is the average household
income in the neighbourhood.
Professions
| Sales | 16% |
| Business | 12% |
| Trades | 9% |
| Management | 8% |
| Government | 8% |
35%
of residents were
born outside of Canada.
35% immigrants
Toronto (48%)4.3% from Poland
All-time
0.9% from Philippines
Recent
Foreign Languages
| Polish | 5% |
| Tagalog | 3% |
| Spanish | 3% |
| Ukrainian | 3% |
| French | 2% |
Religions
| Christian | 68% |
| Muslim | 2% |
| Hindu | 2% |
| Buddhist | 1% |
Social Housing Buildings
0
Social housing buildings
in the neighbourhood.
Shelters
0
Homeless shelters in
the neighbourhood.