176 Strachan Ave

LEGAL TRIPLEX--Prime Location, Location Location! Includes Spacious 2-2 Bedroom Apts + 1-1 Bedroom Apt, 1 Parking per Unit at Rear, Coin Laundry, Separate Hydro Meters, Transit At Doorstep, Demand Location!

All Units Leased at Market Rent INSTANT INCOME!! Upper Unit Leased for $2200/month + Utilities, Main Floor Leased for $2,000/month + Utilities, Basement Leased for $1600 + Utilities. This Detached Triplex Offers Three Self Contained Units, A Huge Lot, And Endless Potential. The Upper Two Units Each Have 2 Bedrooms, While The Lower Unit Features 1 Bedroom. All Units are Freshly Painted. The Property Includes 5 Parking Spaces, A Single Car Garage With A Brand New Garage Door, And Potential for An Additional Garden Suite. Enjoy A Large Private Backyard, Completely Fenced In. Roof 2018. A/C, Furnace, & Windows 2010. HWT Rental. Easy To Show. Walking Distance to Groceries, Stores, Shopping, Dining, Parks, Trails, & So Much More. TTC At Your Doorstep. Extremely Convenient Location!

This Legal Triplex Is Situated in one of Toronto's most vibrant and evolving neighbourhoods. The property features a versatile work-live unit on the main floor, plus 2 apts on the second floor with one furnished for short term rental, plus a basement apt. offering immediate cashflow. This downtown located across the new condo development revitalization steps to Kensington Market, Chinatown & Bathurst is ripe for future development. The building is also approved for its rear and third story addition to convert into a mixed use with 6 residential unit and main floor commercial. Already zoned commercial (CR). The architectural plan included is an approved proposal for a rear and 3rd story addition to convert the building into 6 residential units and main floor commercial. Only building permit is required.