40 Dominion Road
Long Branch, Toronto, M8W 1J7
FOR SALE
$1,749,000
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6 + 2
BEDROOMS 4
BATHROOMS 2 + 2
KITCHENS 10 + 5
ROOMS W13771558
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Property Description
ATTENTION INVESTORS! Turnkey, fully leased 4-unit multi-residential investment in the heart of Long Branch! This well-maintained property features an attractive unit mix with 2 one-bedroom units on the lower level and 2 three-bedroom units on the main and upper levels, providing approximately 2,382 sq. ft. of above-grade living space. Additional features include a double detached garage, 5 rear surface parking spaces, and on-site coin-operated laundry. Ideally situated near the shores of Lake Ontario with easy access to multiple transit options, schools, parks, shopping, dining, and everyday amenities. Fully occupied and income-producing, this is an excellent opportunity to acquire a well-positioned asset with strong tenant appeal to add to your portfolio. Expansive 6759 sq. ft. lot with development potential to add a garden suite. Average leveraged rate of return of 9.82% with 30% down. Gross Income: $109,080, Expenses $22,306, Net Income $86,774 in year 1.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2009-10-05 | 2009-10-10 | 5 | $639,000 | $625,000 |
| 2004-10-04 | 2004-10-18 | 14 | $509,000 | $505,500 |
Nearby Intersections
Property Features
Park, Place Of Worship, Public Transit, School, None, Private Double
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Property Details
Address
40 Dominion Road
Community
City
Postal Code
M8W 1J7
Property Type
Multiplex, Multiplex
Zoning
RM (u4) (x2)
Lot Size
45' x 105'
Acreage
6,759.0 Feet
Taxes
$7,256 (2026
Basement
Apartment
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
5
Garage Type
Detached
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Listing contracted with Royal Lepage Real Estate Services Ltd.
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