46 Elmer Avenue

Sold For $1,885,000

Legal Fourplex

46 Elmer Avenue

Legal Fourplex

Sale Price: $1,885,000

Toronto, ON M4L 3R7

MLS #: E5401258 (residential)

MLS #: E5401263 (commercial)

Legal fourplex
All renovations done to code & fully permitted.
Fantastic rental neighbourhood with high demand for units, low inventory and a consistently strong ROI.
95k Gross Income Potential.

Two x 2 bedroom units

Two x 1 bedroom units
Beaches neighbourhood

3 minute walk to Queen Street with its many patios, retail and transit (501 Streetcar) available.
Exceptionally well-maintained property and renovated suites.

Watch Your Equity Grow With This Legal 4-Plex Income Property! Steps To Queen Street, Retail, Patios And The Beautiful Beaches Waterfront = Easy To Rent. Can Also Be Family Dwelling Plus Income. Two x 2-Bedroom Units; Two x 1-Bedroom Units. Outdoor Space For All Units With Either A Private Deck Or Back-Yard Space. Ample Storage & Parking For Bikes.

Permitted Renovations 10 Years or Newer & A Very Well Maintained Property. All Mechanical, Electrical, Insulation and Roof Have Been Upgraded. This Property Is Energy Star Rated (85%). Very Low Operating Costs. Possible Vacant Possession For All 4 Units. 95k Potential Gross Income.

New High-Efficiency On Demand Boiler, Fire Rated & Sound Insulated Units, Each Unit Has Own Washer/Dryer & Hydro Panel, 200-Amp Service W/ Individual Separate 60-Amp Panels Per Unit. Underpinned Basement W/ Radiant Floor Heating, Weeping Tile & Backflow Protection. 3/4” Water Pipe & New Drains To The Street.

This Is A turn-Key Investment With Excellent ROI, Offering A Rare Combination Of Both Future Price and Equity Appreciation In A Fantastic Neighbourhood.