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$ 1,749,000
Est. payment /mo
Active
40 Dominion RD Toronto, ON M8W 1J7
8 Beds
4 Baths
6,759 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Municipality Toronto W06
Subdivision Long Branch
MLS Listing ID W13771558
Style 2-Storey
Bedrooms 8
Annual Tax Amount $7,256
Tax Year 2026
Lot Size 6,759 Sqft
Property Sub-Type Multiplex
Property Description
ATTENTION INVESTORS! Turnkey, fully leased 4-unit multi-residential investment in the heart of Long Branch! VACANT POSSESSION IS POSSIBLE ON UPPER 2 UNITS. This well-maintained property features an attractive unit mix with 2 one-bedroom units on the lower level and 2 three-bedroom units on the main and upper levels, providing approximately 2,382 sq. ft. of above-grade living space. Additional features include a double detached garage, 5 rear surface parking spaces, and on-site coin-operated laundry. Ideally situated near the shores of Lake Ontario with easy access to multiple transit options, schools, parks, shopping, dining, and everyday amenities. Fully occupied and income-producing, this is an excellent opportunity to acquire a well-positioned asset with strong tenant appeal to add to your portfolio. Expansive 6759 sq. ft. lot with development potential to add a garden suite. Average leveraged rate of return of 9.82% with 30% down. Gross Income: $109,080, Expenses $22,306, Net Income $86,774 in year 1. NOTE OVERSIZED LOT WITH STRONG POTENTIAL FOR GARDEN SUITE
Location
Province ON
County Toronto
Community Toronto W06
Area Toronto
Zoning RM (u4) (x2)
Rooms
Basement Apartment
Kitchen 4
Interior
Interior Features None
Cooling None
Exterior
Parking Features Detached
Garage Spaces 2.0
Pool None
Roof Type Flat
Total Parking Spaces 7
Building
Building Age 51-99
Foundation Concrete Block
Lited by ROYAL LEPAGE REAL ESTATE SERVICES LTD.