49 Morningside Avenue, Toronto W01, ON M6S 1C6 (Morningside and Windermere)

Price : $1,939,000.00 , MLS®# : W12789868

Description

Stunning legal triplex in sought-after High Park Swansea! Featuring 4+2 bedrooms, 6 bathrooms, custom quartz kitchens, hardwood floors, and stainless steel appliances. Ideal for large families, multi-gen living, or investors. Upper unit is currently leased for $3,500/month, the main floor unit is leased for $3,000/month and basement is rented for $1890/month covering the majority of your mortgage. Total monthly rent $8390/month with a yearly income of $100,680 with a 4.31 cap rate. Easily used as a single-family home or live in one unit and rent the others once when any tenant vacates in the future. The fully finished above ground lower level includes a separate entrance, kitchen, 2 bedrooms, and a full bath perfect as an in-law suite or rental. Rare income property in a high-demand, low-supply pocket near Rennie Park. All units are separately metered for gas and hydro, water split at 33% per unit.

Location Description

Morningside and Windermere

Property Details
  • Community: High Park-Swansea
  • Property Type: Tenant/Residential Freehold
  • Bedrooms: 6
  • Bath: 6
  • Garages: None
  • Annual Property Taxes : $ 4313.38
Building Features
  • Foundation Type: Concrete
  • Counstruction Material : Brick-Stucco (Plaster)
  • Total Parking Space : 0
  • Parking Type : None
Building Features
  • Heating : Forced AirGas
  • Sewer : Sewer ,
Land (Lot Features)
  • Frontage: 17.44 sq.ft
  • Land Depth: 100sq.ft

Listing Contracted With: RE/MAX WEST REALTY INC.