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About the Listing 187104 -
This exclusive 12-unit apartment building in Torontos East End offers a high-yield investment with a 2023 net operating income of $313,042 and a 5.8% cap rate. With 1 bachelor unit and 11 two-bedroom units, this 3-storey walk-up features intercom access, coin-operated laundry, and 8 rentable parking spaces, all designed to maximize income potential. Strategically upgraded, the property includes renovated kitchens, bathrooms, fresh paint, modern flooring, and 100-amp panels in each unit. A new boiler (2021) and 13 hydro meters add efficiency, making it an attractive choice for tenants and owners. Located near Danforth Village, Main Street Subway, and Danforth GO, the building is ideally situated for commuters, providing easy access to downtown Toronto and nearby amenities like parks, schools, and Greektowns vibrant community. High demand and rising rental rates make this area highly sought-after with low vacancy rates. With limited new construction, this property stands out as a turnkey investment with strong cash flow in a growing market. **EXTRAS** Data room available for interested buyers. Review brochure and financials for more info
Listing Highlights for 156 Barrington Ave
Status
Active
Days on Site
307
Property Type
Commercial Sale
MLS ®
E10413083
Year Built
Total Square Footage
12,240
Lot/Acreage
N/A
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: No
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Sanitary+Storm
- Parking Features: Outside/Surface
Financial Details
- Tax Amount: $17,853
- Taxes w/Assessments: N/A
- Tax/Property ID: 104320656
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Years
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Listing Location
Questions About..
156 Barrington Ave Toronto, ON M4C 4Z2
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