5 SORAUREN AVENUE
Toronto (Roncesvalles), Ontario
MLS® W13852858
$4,300,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- W13852858
- Bedrooms
- 14
- Bathrooms
- 7
- Year built
- —
1 / 35Listing description
Rare Multi-Residential Investment & Development Opportunity in Toronto! Exceptional opportunity to acquire an established legal 7-unit multi-residential property with approved plans for Phase 2 development of an additional 5 residential units - offering the potential for a 12-unit multi-residential property upon completion. The existing building consists of 7 self-contained residential units, providing immediate rental income while offering significant value-add potential through the approved second phase.
Ideally situated in the highly desirable Sorauren/Parkdale neighbourhood, steps to Sorauren Avenue Park and minutes to Roncesvalles Village, Queen Street West, TTC, shops, restaurants and everyday amenities. An outstanding opportunity for investors, developers and multi-residential operators to acquire an income-producing asset with a clear path for further intensification in a prime Toronto location. Existing 7 legal units + approved plans for 5 additional units - a truly unique investment and development opportunity.
Property summary
- MLS® number
- W13852858
- Property type
- Multi-family
- Building type
- Other
- Land size
- 32.5 x 98 FT
- Annual property taxes
- $8,501.81
- Parking
- Detached Garage, No Garage
- Days on market
- 11 days
Features & details
- Heating
- Baseboard heaters, Forced air, Natural gas
- Cooling
- Central air conditioning
- Basement
- None
- Appliances
- Oven - Built-In
- Exterior features
- Brick
- Lot features
- Carpet Free
What would this home cost you?
Based on the $4,300,000 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 JDL REALTY INC., RICHMOND HILL.
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.