PRICE $1,725,000
3 + 1 BEDROOMS
4 BATHROOMS
Well Maintained, Legal Triplex in the Leafy Cabbagetown Area.
Are you looking for an investment property with perfect tenants? This is it! Well maintained legal triplex. Large windows and high ceilings make all units bright and cheery. Each suite has separate entrances and outdoor space. Apartments 1 and 2 both enter at the front of the house with 2nd separate exits at the back of the building. Apartment 3 enters at the back and has a 2nd exit onto a 2nd floor terrace. Apartment 2, the lower suite, has 8 foot ceilings and is bright with windows front and back. There are pot lights in most areas. Tenants pay their own hydro, 3 hydro meters, heat is electric baseboard with an added heat pump/air conditioner in Apartment 1. Apartment 1 has laundry ensuite. Apartments 2 and 3 share renovated laundry in the basement. The back patio/garden/parking space is fully fenced and private with a gate that locks. Above average home inspection, January 2025.
Additional Information
Possession | 30-60 days / TBA
Property Taxes | $7,337.26 / 2025
Mechanics | Heat: electric baseboard, Apt 1 has supplemental heat pump/air conditioner. Hot water: 2 tanks, rental, gas.
Inclusions | 3 fridges, 3 stoves, 3 built-in microwaves/stove hoods, 1 set stacked washer/dryer, 1 set side by side washer/dryer, heat pump/air conditioner in Apt. 1, broadloom where laid.
Exclusions | All possessions owned by tenants including the lower level, bathroom electric light fixture, shower rain head and both BBQs.
About the Neighbourhood | Cabbagetown
Cabbagetown is Toronto’s version of New York’s Greenwich Village or London’s Soho without the frenzy. There are several restaurants and bars on nearby Parliament and Carlton but people choose to live here because of their appreciation for historic houses, peaceful walking streets and interesting neighbours. The financial district is less than a mile west via bus, subway, or on foot.
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