50-52 River St

FOR SALE
$2,599,000
Sold
$2,750,000
50-52 River St, Downtown Toronto
50-52 River St
50-52 River St
50-52 River St
50-52 River St
50-52 River St
50-52 River St
50-52 River St
50-52 River St
50-52 River St
6 + 2
BEDROOMS
7
BATHROOMS
7
KITCHENS
18
ROOMS
C5239963
MLSID
Contact Us
Listing History
List Date End Date Days Listed List Price Sold Price Status
2021-05-18 2021-06-11 24 $2,599,000 $2,750,000 Sold
Property Description
The Unicorn Of All Unicorns! 2 Separately Deeded Gorgeous Victorian Semis Sold Together As One Property. 3400+Sq Currently 6 Units (1-3 Bed, 2-1 Bed, 2 Studios), Incredibly Well Kept Property With Endless Options. 5 Units Tenanted (Great Tenants), 1 3Bed Just Vacated And Kept That Way For Showings. Incredibly Rare Opportunity. Laneway/Addition Potential, Great Income, Convert To Grand Residences, Move In/Invest! Stunning Victorian Arch., Grand Street Presence
Extras
All Appliances & Light Fixtures & Window Coverings (Except Those Belonging To Tenants). Major Capital Improvements, Well Cared For, Great Tenant Relationships, Key Location, 3rd Party Laneway Report & Carson Dunlop Pre-Sale Insp. Available
Property Details
Street
Community
Property Type
Multiplex, 3-Storey
Lot Size
35' x 120'
Fronting
West
Taxes
$14,652 (2020)
Basement
Apartment, Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Lane
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingGround12.14' x 15.06'Hardwood Floor, Bay Window
KitchenGround7.97' x 14.73'Hardwood Floor
LivingGround12.14' x 15.06'Hardwood Floor, Bay Window
KitchenGround7.81' x 15.06'Hardwood Floor
BrGround12.04' x 10.56'
BrGround11.02' x 11.98'
Living2nd13.29' x 14.93'
Kitchen2nd6.86' x 14.24'
Living3rd13.12' x 14.83'
Kitchen3rd6.86' x 14.83'
KitchenBsmt11.45' x 18.96'
LivingBsmt12.53' x 19.98'
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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.
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