360 Concord 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!

Rare investment opportunity!! Fully updated triplex in an unbeatable Royal York and Lakeshore location! The top and main floor apartments are fully furnished, and with both leases expiring at the end of this summer, they can be turned into AirBnB units for potentially more income generation. With a yearly rental revenue of $83,057, this triplex presents a fantastic opportunity to boost returns. Full inspection has been completed and the report is available/attached. Close to the airport, the bus stop is just a short walk away, GO Train, Humber College, the waterfront, and all essential amenities, this property offers excellent income-generating potential. It consists of three spacious two-bedroom units, each thoughtfully updated to provide modern living spaces. The entire building, including all common areas and units, has been freshly painted and extensively renovated. Recent upgrades include a reshingled roof and insulation to enhance efficiency. The basement unit has been renovated, featuring a new fire escape window, kitchen, new tiles, and laminate flooring throughout. The main floor and top-floor units have also been updated with renovated kitchens and laminate flooring. The top-floor apartment boasts new kitchen countertops and upgraded cupboard doors. The property features two walkout balconies up front and one walkout to a sundeck at the rear with a private entrance. A complete list of upgrades is available. All 3 separate hydro meters and hot water tanks. Coin-operated washer and dryer. All electrical updated. The property offers 5 parking spots, one at the front and 4 at the back of the building, making it convenient for tenants. Whether you are an investor looking for a high-return property or a homeowner seeking additional rental income, this triplex is a rare find in a highly sought-after area. See attached for financials, floor plans, and a complete list of upgrades.

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.