$ 2,295,000
16 Muskoka AVE Toronto W06, ON M8W 1H3
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$ 2,295,000
Est. payment /mo
Price Dropped by $90K
16 Muskoka AVE Toronto W06, ON M8W 1H3
8 Beds
5 Baths
UPDATED:
11/18/2024 05:13 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID W10404744
Style 2-Storey
Bedrooms 8
Annual Tax Amount $6,831
Tax Year 2024
Property Description
AN EXTREMELY RARE TRIPLEX FIND ! VACANT POSSESSION ! This Owner Occupied, Air Conditioned Extra Large Triplex has been Totally and Elegantly Updated and comes with 2 Very Spacious 3 Bedroom Apartments, EACH WITH 2 BATHROOMS, ENSUITE LAUNDRIES AND BALCONIES, and an an Extra Large Lower Level, Sunfilled 2 Bedroom Apartment, with Large Above Ground Windows and ENSUITE LAUNDRY. Set in Highly Sought After Long Branch Village, just a short walk from the Lake, on a Huge 46.5ft x 160.5ft Lot, with Private Rear Garden, 2 Car Garage, plus 4 more Parking Spaces, and extra Wide Private Double Driveway. CURRENT NET INCOME IS $95,000 WITH WITH POSSIBILTY OF INCREASING IT TO $102,000 PLUS THE 2.5 INCREASE FOR 2025. Ideal for the Investor to get a 4.5% Cap Rate on a Building in Top Conditon and needing no work, or for the Multi Generation Family to make it their Home. THIS PROPERTY MUST BE SEEN TO BE TRULY APPRECIATED.
Location
State ON
County Toronto
Area Long Branch
Rooms
Family Room No
Basement Apartment, Separate Entrance
Kitchen 3
Interior
Interior Features None
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Garage Private Double
Garage Spaces 4.0
Pool None
Waterfront No
Roof Type Asphalt Shingle
Total Parking Spaces 6
Building
Foundation Not Applicable
Listed by RE/MAX PROFESSIONALS INC.