160 Dowling Ave

FOR SALE
$3,500,000
Sold
$3,500,000
160 Dowling Ave, Toronto
160 Dowling Ave
160 Dowling Ave
160 Dowling Ave
160 Dowling Ave
160 Dowling Ave
160 Dowling Ave
160 Dowling Ave
160 Dowling Ave
160 Dowling Ave
8 + 8
BEDROOMS
13
BATHROOMS
9 + 1
KITCHENS
23
ROOMS
W5256845
MLSID
Contact Us
Listing History
List Date End Date Days Listed List Price Sold Price Status
2021-06-01 2021-07-17 46 $3,500,000 $3,500,000 Sold
2021-06-01 2021-08-01 61 $3,500,000 - Expired
Property Description
Rare Investment Opportunity! 10 Unit, Detached, 3-Story Boutique Apartment Building In The Heart Of Parkdale. 6 X Large Two-Bedroom; 1 X One-Bedroom; 3 X Bachelor. Separate Hydro Meters. Fenced Rear Parking Lot With Room For 8-10 Vehicles --Potential For Addition/Development/Laneway House. Well Maintained Building With Many Recent Updates. Coin Laundry. All Mechanicals Owned (Except Hwt) And In Good Condition. Large 50 X 148 Ft Lot.
Extras
Turn-Key Investment Opportunity With Huge Potential For Growth. Tenants Paradise: Easy Ttc Access, Steps From Queen West Shops And Restaurants, Sorauren/High Park, Waterfront And Cne. Solid Building With Excellent Tenants.
Property Features
Hospital, Library, Public Transit, School
Property Details
Property Type
Multiplex, 3-Storey
Approximate Sq.Ft.
5000+
Lot Size
50' x 148'
Fronting
West
Taxes
$18,575 (2020)
Basement
Other
Exterior
Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
None
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Opportunity of a lifetime to own this Fully Renovated from Top to Bottom Multiplex in one of the most high demand areas of Long Branch, Etobicoke, Toronto, steps to the lake. Situated on a massive 70 ft. x 146 ft. lot facing East. Surrounded by Multi Million dollar homes and sprawling condo and town home developments. This 6-unit Multiplex has FIVE 2-Bedroom Apartments and ONE 1-Bedroom Apartment. All Vacant and ready to put your perfect tenant inside! Private electronic gated 10 spot parking! Tenant Green Space in front and back, great curb appeal with brick exterior, walking distance to Junior and High Schools, Lake Ontario, Parks, TTC, Gardiner Expressway, close to Long Branch GO Train. Units will rent in a heartbeat! All units fully renovated, sound proofed, with brand new Air Conditioners installed, and all units have IN-SUITE Laundry! 4 Units with Balconies. Front and Back door entry/exit. Separate Superintendent/Property manager management office, shower, kitchenette, security system on site! These 11 Bedrooms have a potential of making a conservative $220,000 in Gross Annual Income, amazing Investment Opportunity easily rented and very low tenant turnover in a high demand area. Buy now and get a foothold in the area, and reap the benefits of the investment and then tear down and build 2 multi million dollar homes down the road, or do nothing and relax as the entire multiplex has been renovated and is ready to earn you considerable return! Possibility to build additional Lane way/Garden Suite property on site for even more rental income.
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