31 LONG BRANCH AVENUE
Toronto (Long Branch), Ontario
MLS® W13757942
$1,298,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- W13757942
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- —
1 / 50Listing description
Turn-Key Multi-Family asset in the Heart of Long Branch, Toronto's highly coveted "Village by the Lake", South Etobicoke's fastest appreciating pockets! Semi-detached Triplex on a premium 25 x 146. 5 ft deep lot generating $6,300/mo Gross Income with a solid $59,228 annual NOI.
Expenses average $1,365/mo including property tax, all utilities, insurance, and internet/cable. This low-maintenance income property features three bright and spacious self-contained units, two 2-bedroom units and one 1-bedroom unit, with parking at rear. Meticulously maintained with over $156k in capital improvements over the past 8 years, makes this an incredibly rare, worry-free addition to any portfolio.
Main Floor and Basement units were completely renovated (2021). Brand new foundation waterproofing, weeping tiles, and sump pump system installed with transferable peace-of-mind ($20k, 2026). Upgraded mechanics include a tankless water heater (2024), high-efficiency boiler (2019), newer windows.
Rear yard new asphalt parking area (2018) and a large 8' x 10' storage shed (2022). Ideal lakeside location just steps to Lake Shore Boulevard shops, cafes, restaurants, Marie Curtis Park, sandy beach, picnic area, connections to the Waterfront Trail and Etobicoke Creek Trail. Unbeatable tenant transit access, walk to Long Branch GO Station and TTC Streetcar loop, bus routes, offering quick commute downtown.
Stable cash flow, premium finishes, and major capital expenditures already paid for!
Property summary
- MLS® number
- W13757942
- Property type
- Multi-family
- Building type
- Triplex
- Land size
- 25 x 146.5 FT ; See Attached Schedule \"C\"
- Annual property taxes
- $5,509.29
- Parking
- 3 spaces · No Garage
- Days on market
- 8 days
Features & details
- Heating
- Radiant heat, Natural gas
- Cooling
- None
- Basement
- Apartment in basement, Separate entrance, N/A, N/A
- Appliances
- Washer, Refrigerator, Dishwasher, Stove, Oven, Dryer, Microwave
- Exterior features
- Brick
- Community features
- Community Centre
What would this home cost you?
Based on the $1,298,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX PROFESSIONALS INC., TORONTO.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.