38 Miller Street
Weston-Pellam Park, Toronto, M6N 2Z7
FOR SALE
$1,299,000
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5
BEDROOMS 5
BATHROOMS 5
KITCHENS 15
ROOMS W13777046
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Property Description
Amazing Legal Five Plex Investment Corner property with 5 one-bedroom apartments close to transit, shopping and schools In Toronto. The seller will consider a private Vendor Take Back mortgage (VTB) to qualified buyer. Property has yearly Fire Department inspections with a building pull alarm and fire extinguishers, Building is heated with an efficient modern natural gas Navian Boiler System that sends heated water to radiators in each apartment, Roof is 4 years old, Unit 1 Renovated completely 2 years ago, Gross estimated Income of $63,120, Expenses $15,900, Net Income $47,220. approximately. Property is being sold in "As Is, Where Is" condition
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Property Features
Water Heater Owned, None
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Property Details
Address
38 Miller Street
Community
City
Postal Code
M6N 2Z7
Property Type
Multiplex, Multiplex
Zoning
Comm/Res
Lot Size
18' x 72'
Taxes
$5,100 (2025
Basement
Unfinished
Heat Type
Water
Heat Source
Gas
Water
Municipal
Garage Type
None
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Listing contracted with Century 21 Millennium Inc.
5 units! Incredible opportunity to own a multiplex, steps from St Clair featuring Two 2-bedroom units and Three bachelor units. Live rent free in one unit and rent out the rest or add 5 doors to your portfolio and have a cash flowing rental property. Four units empty on completion, Upstairs two bedroom unit currently rented at $2,100 per month with parking at a premium in this location. Enjoy your private, clean and spacious garage at the rear, with even more rental potential, total rental potential in current condition is $8500 or renovate to increase. Don't miss your chance to see this one before it's gone.
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