186 Grenadier Rd

Newly constructed, custom 3-unit property with primary home (main house), legal basement suite and rear coach house. The primary home has 4-bedrooms, 4-bathrooms (50B Lanark main unit rented with multiple offers in May 2024 for $5,000/month). The 3-bedroom Rear coach house is leased for $3,200/month, and the 2-bedroom basement suite, which is accessible by a separate exterior entrance at the rear, is leased for $2,300/month. Approximated annual rent of $127,800 and net operating income of $116,410 (see financials attachment to this listing). The primary home has been left vacant to provide optionality to the buyer to decide whether to live in the main unit or rent it out. Because of the unique separation between the primary home and the basement suite/coach house, Buyers can choose to live in the primary home while earning substantial income from the basement and coach house. This property is not subject to Ontario rent increase limits as it is newly constructed, and rent prices can be increased annually to levels set by the Landlord. The primary home has a Main floor Powder Room and mud-room, Custom-built eat-in kitchen with floor to ceiling pantry for ample storage. Oversized Master Bedroom With tons of natural light, His and Her Custom millwork Closets, and master bedroom ensuite with a Free-Standing Tub, Double Vanity and an oversized glass shower. Large private Third floor balcony; inverted metal standing seam roof. The property is steps to shops on Eglinton, Cedarvale Park, Leo Baeck Day School and Eglinton Station/Crosstown.

Incredible Investment Opportunity. Two Purpose Built Semi-Detached Triplexes with Separate Legal Titles. Gross Income approximately $128,400, net income before maintenance & snow removal $111,270. 4.5% Cap Rate. Highly sought Danforth Area in Jackman school district. Steps to Broadview Subway and Streetcars, LCBO, Shoppers, No Frills, Restaurants. Easy fast access to DVP. 6 parking spots accessed via laneway. 5 of 6 units extensively renovated in 2015 and 2016 with contemporary finishes including hardwood floors, tiles, LED pots and light fixtures, S/S appliances, S/S kitchen sinks with stylish faucet & bath fixtures. Interconnected Smoke Detectors. 200 Amp Service in each semi-detached triplex, with subpanels in each unit. The roof was re-shingled in 2017. New windows and doors installed in 2015 & 2016. Landscaped front with stone staircase and walkway. Each unit has front and back entry / exit.

RARELY AVAILABLE LEGAL 5-PLEX IN CENTRAL ETOBICOKE LOCATION IN SOUGHT AFTER NEIGBOURHOOD. 5-2 BEDROOM APARTMENTS, 1 BACHELOR APARTMENT. INCLUDES 7 DESIGNATED OUTDOOR SURFACE PARKING SPOTS, 4 BALCONIES, DESIGNATED LOCKER LOCATED IN LAUNDRY ROOM. RECENT UPDATES: ROOF (2020), BALCONY RAILINGS (2017), WINDOWS (2005). BUILDING IS CLOSE TO AMENITIES: PUBLIC TRANSIT, HWY 427, HWY 401 & QEW. GUARANTEED RENT FOR 3 YEARS.