3048 Dundas St W
Junction Area, Toronto, M6P 1Z3
FOR SALE
$4,999,900
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9
BEDROOMS11
BATHROOMS7
KITCHENS24 + 3
ROOMSW11903219
MLSIDContact Us
Property Description
Immediate 5.5% Cap rate opportunity with upside! Welcome to 3044, 3046, and 3048 Dundas St W. This three-story mixed-use building sits on a prominent corner lot in the bustling Junction High-Park area. Main floor features two long-term commercial tenants, the popular Axis Bar and an art gallery. Upper two floors feature six residential units, each with their own laundry, hot water heater, furnace, and A/C. All tenants pay their own utilities. Residential units include three 2-bedrooms, two bachelors, and one 1-bedroom. Truly an exceptional opportunity for investors or future developers. Don't miss out on this gem in The Junction!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-08-12 | 2024-12-31 | 141 | $4,999,900 | - | Expired |
| 2024-05-16 | 2024-08-12 | 88 | $5,250,000 | - | Expired |
Nearby Intersections
St Clair & Keele (52)
Dundas & Keele (30)
Property Features
Place Of Worship, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Multiplex, 3-Storey
Lot Size
46' x 105'
Fronting
North
Taxes
$27,105 (2024)
Basement
Finished
Exterior
Brick, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Garage Type
None
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Listing contracted with Century 21 Fine Living Realty Inc.
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Take advantage of CMHC multifamily financing offering assumable 50 year amortized mortgage, estimated 81% loan-to-value and 3.8% rate. This brand new legal 8 unit project offers estimated gross rents of $259,200 per year. The property features eight separately self-contained units, all with private entrances, separate utilities, and in-unit laundry. Top-floor units consist of 2 bedrooms plus den, 2 bathrooms (1 ensuite) and walk-out balconies. Main-floor units offer 2 bedrooms, 2 bathrooms (1 ensuite) with large storage room and rear balcony. Lower floors consist of two 1-bedroom, 1-bathroom units. Rear lower units include private patios. All units feature custom kitchens, stainless steel appliances, high-efficiency HVAC systems and open-concept designs. Located a short distance from downtown Toronto, the property provides quick access to the Highway 400 series, restaurants, shopping and just a short walk to the Weston GO Station. Estimated financials available upon request. Anticipated March 2025 completion. **EXTRAS** Builder Warranty Included. Exterior Picture is Rendering. Interior Photos are of Similar Property.
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