$1,250,000Asking Price
A rare, licensed downtown Toronto income property offering 14 rental accommodations in a prime, high-demand rental location. This fully operational, turnkey asset requires minimal hands-on management and features 6 bathrooms, 2 shared kitchens, and 2 rear parking spaces. Situated as an end-unit row townhouse, the property benefits from only one attached neighbor, enhanced privacy, additional natural light, and the feel of a more traditional urban home. Strong, stable tenancy from university students and young professionals delivers immediate cash flow with minimal turnover, and an attractive cap rate. Ideally situated close to major transit routes, universities, shopping, parks, and everyday amenities, this is a very rare opportunity to acquire a high-cap rate, low-maintenance investment property in Toronto. Price is firm, no vendor take back. No vendor take-back. For More Information About This Listing, More Photos & Appointments, Please Click "View Listing On Realtor Website" Button In The Realtor.Ca Browser Version Or 'Multimedia' Button or brochure On Mobile Device App.
A rare, licensed downtown Toronto income property offering 14 rental accommodations in a prime, high-demand rental location. This fully operational, turnkey asset requires minimal hands-on management and features 6 bathrooms, 2 shared kitchens, and 2 rear parking spaces. Situated as an end-unit row townhouse, the property benefits from only one attached neighbor, enhanced privacy, additional natural light, and the feel of a more traditional urban home. Strong, stable tenancy from university students and young professionals delivers immediate cash flow with minimal turnover, and an attractive cap rate. Ideally situated close to major transit routes, universities, shopping, parks, and everyday amenities, this is a very rare opportunity to acquire a high-cap rate, low-maintenance investment property in Toronto. Price is firm, no vendor take back. No vendor take-back. For More Information About This Listing, More Photos & Appointments, Please Click "View Listing On Realtor Website" Button In The Realtor.Ca Browser Version Or 'Multimedia' Button or brochure On Mobile Device App.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 2 3-Piece Bathrooms | ||||
| 1 3-Piece Bathroom on Ground Floor | ||||
| 1 4-Piece Bathroom on Ground Floor | ||||
| 1 4-Piece Bathroom | ||||
| 1 4-Piece Bathroom | ||||
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Riverside, Toronto is a central Toronto neighbourhood notable for its singles, university grads, executives and business, education, law & public sector and arts & culture professionals. It has a higher than average population of immigrants from China and Vietnam, and Cantonese speakers. Residents tend to be younger with a significant number of babies and adults aged 30 to 54.
Kids Per Family
0.9
kids per family
in the neighbourhood.
51%
of residents are
single and loving it.
51% singles
Toronto (50%)
41%
of residents
are renters.
41% renters
Toronto (47%)
52%
of residents are
university grads.
52% university grads
Toronto (48%)Average Household Income
$134K
is the average household
income in the neighbourhood.
Professions
| Sales | 15% |
| Business | 12% |
| Government | 11% |
| Management | 11% |
| Culture | 9% |
35%
of residents were
born outside of Canada.
35% immigrants
Toronto (48%)9.4% from China
All-time
1.3% from China
Recent
Foreign Languages
| Cantonese | 10% |
| Mandarin | 4% |
| Vietnamese | 3% |
| French | 3% |
| Chinese | 2% |
Religions
| Christian | 35% |
| Buddhist | 10% |
| Muslim | 5% |
| Jewish | 3% |
| Hindu | 1% |
Social Housing Buildings
8
Social housing buildings
in the neighbourhood.
Shelters
3
Homeless shelters in
the neighbourhood.