C$1,250,000

A rare, licensed downtown Toronto income property offering 14 rental accommodations in a prime, high-demand rental location. This fully operational, turnkey asset requires minimal hands-on management and features 6 bathrooms, 2 shared kitchens, and 2 rear parking spaces. Situated as an end-unit row townhouse, the property benefits from only one attached neighbor, enhanced privacy, additional natural light, and the feel of a more traditional urban home. Strong, stable tenancy from university students and young professionals delivers immediate cash flow with minimal turnover, and an attractive cap rate. Ideally situated close to major transit routes, universities, shopping, parks, and everyday amenities, this is a very rare opportunity to acquire a high-cap rate, low-maintenance investment property in Toronto. Price is firm, no vendor take back. No vendor take-back. For More Information About This Listing, More Photos & Appointments, Please Click "View Listing On Realtor Website" Button In The Realtor.Ca Browser Version Or 'Multimedia' Button or brochure On Mobile Device App. (id:41202)