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+19412235856
The Valencia Team Real Estate
5 Sorauren Avenue, Toronto, ON M6R 2C6
- $4,300,000
- 14
- BD
- 7
- BA
- 3,500
- SqFt
- List Price
- $4,300,000
- MLS#
- W13852858
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Multiplex
- Style
- 2-Storey
- Bedrooms
- 14
- Bathrooms
- 7
- Living Area
- 3500-5000
- Province
- ON
- Municipality
- Toronto
- Area
- Toronto
- Neighborhood
- Roncesvalles
- Subdivision
- Sorauren & Queen
Property 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.
Additional Information
- Taxes
- $8,501
- Heat Type
- Baseboard
- Heat Source
- Gas
- Air Conditioning
- Central Air
- Rooms
- 9
- Family Room
- Yes
- Kitchens
- 7
- Exterior
- Brick
- Garage Type
- Detached
- Pool
- None
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Listing courtesy of JDL REALTY INC..