181 Dowling Ave
South Parkdale, Toronto, M6K 3B2
FOR SALE
$2,499,900
Sold
$2,400,000
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9
BEDROOMS8
BATHROOMS8
KITCHENS11
ROOMSW4978485
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2020-11-04 | 2020-12-23 | 49 | $2,499,900 | $2,400,000 | Sold |
| 2019-11-06 | 2020-02-21 | 108 | $2,499,900 | - | Suspended |
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Property Description
10 Unit Opportunity Near Queen West/Lansdowne. 10 Licensed Units In A Well Maintained And Upgraded Investment Property. 2 X 1 Bedroom, 5 X Bachelors, 3 X Rooms (Or 1X2 Bedrooms Suite) Suitable For Short Or Long Term Rentals, 8 Units Vacant On Closing. Immediate Full Market Rentals Plus Basement Future Income Potential. Est. Gross $ 140400, Net $ 120312.74. Close To Queen St West & High-Park.Most Units W/ Balcony Or Roof Deck.Full Unfished Basement W/Sep Entr
Extras
10Fridges,8Stoves,7Microwaves,1 Build-In Microwave/Exhaust, Dishwasher, Washer/Dryer, 1Ductless A/C/Heat, 4 Win A/C Full Legal Description: Pt Lt 89 Pl 483 Parkdale, Pts 1,2 & 3, Pl 66R19975; S/T & T/W In At376209 & Ct94548; City Of Toronto
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Property Details
Street
Community
City
Property Type
Detached, 3-Storey
Lot Size
26' x 132'
Fronting
East
Taxes
$6,939 (2020)
Basement
Sep Entrance, Unfinished
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
Wall Unit
Water
Municipal
Driveway
Mutual
Garage Type
Detached
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Similar Listings
Great opportunity to live and rent or just as a total investment property. Top floor is a 3-bedroom unit. Second floor is a 3-bedroom unit with possible alterations. Main floor is a 2-bedroom unit. And the lower unit is a 1-bedroom unit with possibilities to change to a 2-bedroom unit. Total renovation completed in 2023. Close to 4,500 sq ft of living space. Modern decor and clean lines. 9-foot ceilings in basement, main, second, and 8-foot ceilings on the third floor. Lots of storage space. Good Cap rates for a Toronto investment property and the possibility to increase with minimal alterations to close to 5.0%. Current gross rents are $132K (including utilities) with the possibility of increasing to $150K plus utilities. See floor plans for configuration and measurements. 4 car lane parking. Shed for storage in the back. Qualified to add a laneway suite in the back to live/rent/sell. Great neighbourhood with a very good Walk Score.
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