1160 Dufferin Street
Dovercourt-Wallace Emerson-Junction, Toronto, M6H 4B8
FOR SALE
$1,499,000
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4
BEDROOMS4
BATHROOMS4
KITCHENS16
ROOMSW13030758
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Property Description
Renovate or build, two great options for this highly visible corner property in Toronto's West Junction-Wallace area. Take advantage of the existing 4-unit building: 1-Commercial and 3-Residential units, and renovate them for higher rental yields with an anticipated 8% leveraged return OR, benefit from Toronto's Major Street Initiative and create a design-build option for purpose-built multi-residential apartments. The property features a 425 sq. ft. main-floor commercial unit and three residential apartments located on the rear and upper levels. This well-maintained building offers almost 2,400 sq. ft. of above-grade space, with a flexible and income-friendly unit mix of two one-bedroom apartments and one three-bedroom apartment. Nestled in a desirable, transit-oriented location just minutes from Dufferin Station, the property benefits from strong rental demographics, excellent connectivity, and an impressive Walk Score of 88. Conveniently located near shops, restaurants, a community centre, and schools. Seller is a Registered Real Estate Agent (RREA).
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Nearby Intersections
Property Features
Park, Place Of Worship, Public Transit, School, Water Meter, Other, Smoke Detector
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Property Details
Address
1160 Dufferin Street
Community
City
Postal Code
M6H 4B8
Property Type
Multiplex, Multiplex
Zoning
R(d0.6*740)
Lot Size
22' x 106'
Acreage
2,249.0 Feet
Taxes
$8,296 (2025
Basement
Unfinished
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
6
Garage Type
None
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Listing contracted with Royal Lepage Real Estate Services Ltd.
Exceptional investment opportunity offering approximately $76,200 in gross annual income, with the flexibility of vacant possession available. This well-maintained, approximately 1,400 sq. ft. multiplex is ideally situated just a 5-minute walk to the new Keelesdale LRT station on the Eglinton Crosstown line and less than 20 minutes to the Mount Dennis GO station, providing excellent transit connectivity and strong tenant appeal.The property features two full storeys of residential space plus an unfinished basement currently utilized for shared laundry and additional storage. The current owner has enhanced the property's income potential with numerous upgrades, including new flooring throughout and a recently replaced roof. A newly installed private parking pad at the rear of the building adds further convenience and value.This turnkey income property is well-positioned in a growing, transit-oriented neighbourhood with strong long-term upside.
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