503 Oakwood Ave

FOR SALE
$1,979,000
Sold
$2,050,000
503 Oakwood Ave, Toronto
503 Oakwood Ave
503 Oakwood Ave
503 Oakwood Ave
503 Oakwood Ave
503 Oakwood Ave
503 Oakwood Ave
503 Oakwood Ave
503 Oakwood Ave
503 Oakwood Ave
8
BEDROOMS
7
BATHROOMS
5 + 1
KITCHENS
12 + 4
ROOMS
C4380335
MLSID
Contact Us
Listing History
List Date End Date Days Listed List Price Sold Price Status
2019-03-12 2019-04-10 29 $1,979,000 $2,050,000 Sold
Property Description
Be A Part Of Oakwood Ave's Economic Revitalization. Highly Visible Corner Property. 5 Residential Apartments; (2 X Bachlor Airbnb, 2X2+1, 1X2 Bdr) Plus A Vacant Ground Floor Retail Space (Was Rented For $3500 Incl Tmi, Hst). Great Revenue Generating Property. Roof Top Signage. $138000 Gross Revenue, $100,379 Net Revenue. Many Improvements; New Roof, New Boiler, New Hot Water, 3 Renovated Units Plus Reno'd Basement. Lrt Coming In 2020.
Extras
Includes All Existing Appliances Plus Some Restaurant Equipment In Retail Space; Walk-In Fridge, Hood With Fire Suppression, Lots Of Restaurant Equipment Included. All Units Have Separate Hydro Meters
Property Details
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
5000+
Lot Size
30' x 110'
Fronting
East
Taxes
$11,648 (2018)
Basement
Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Window Unit
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Attached
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Discover A Rare Gem: Two Homes On One Lot With Incredible Rental Income Potential! This Stunning, Newly Renovated Detached Home Offers Versatility For Both Family Living And Earning Passive Income. The Main House Features A Spacious Open-Concept Living And Dining Area, 3+1 Bedrooms Including A Gorgeous Primary Bedroom With Ensuite Bath, And A Total Of 4 Bathrooms. The Sleek, Modern Kitchen And Four Expansive Decks Add Both Comfort And Style. The Finished Basement Includes A Legal 1-Bedroom Apartment With A Separate Entrance. The Laneway House Boasts 4 Bedrooms, 2 Bathrooms, And 2 Kitchens. Flexibility Abounds: Rent The Entire Property For Maximum Income, Lease The Basement And Laneway Separately, Or Use The Basement As A Nanny Suite While Renting The Laneway House.
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