$2,675,000Asking Price
Newly constructed, turnkey fourplex built by Modcity, Toronto's leading fourplex and sixplex developer. Fully leased. This purpose-built investment property features four 1,125 sf 3+1bedroom, 2 bathroom suites with two front pad parking spots designed for long term tenant retention and operational efficiency. All units offer identical, functional floorplans finished with custom millwork kitchens and bathrooms, engineered hardwood flooring, quartz countertops and premium appliances including gas range, in-suite stacked washer dryer, tankless water heaters and dedicated furnaces. Each suite is individually metered for heat and hydro. Constructed with durability and energy efficiency in mind to minimize near term capex and long term maintenance risk, the building features higher end Reynaers windows and doors, enhanced acoustic separation between floors, smart thermostats, keyless entry and building wide internet infrastructure. Situated in a high demand Toronto rental corridor benefiting from the newly opened Eglinton Crosstown LRT, this fully leased property presents a rare opportunity to acquire a low maintenance, new construction fourplex offering immediate cash flow and long term appreciation potential.
Newly constructed, turnkey fourplex built by Modcity, Toronto's leading fourplex and sixplex developer. Fully leased. This purpose-built investment property features four 1,125 sf 3+1bedroom, 2 bathroom suites with two front pad parking spots designed for long term tenant retention and operational efficiency. All units offer identical, functional floorplans finished with custom millwork kitchens and bathrooms, engineered hardwood flooring, quartz countertops and premium appliances including gas range, in-suite stacked washer dryer, tankless water heaters and dedicated furnaces. Each suite is individually metered for heat and hydro. Constructed with durability and energy efficiency in mind to minimize near term capex and long term maintenance risk, the building features higher end Reynaers windows and doors, enhanced acoustic separation between floors, smart thermostats, keyless entry and building wide internet infrastructure. Situated in a high demand Toronto rental corridor benefiting from the newly opened Eglinton Crosstown LRT, this fully leased property presents a rare opportunity to acquire a low maintenance, new construction fourplex offering immediate cash flow and long term appreciation potential.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 18.01' x 14.99' | Combined with Living, Combined with Dining, Hardwood Floor |
| 2 | Den | Main | 6.89' x 5.51' | Combined with Living, Open Concept, Hardwood Floor |
| 2 3-Piece Bathrooms on Lower | ||||
| 3 4-Piece Bathrooms on Upper | ||||
| 3 3-Piece Bathrooms on Upper | ||||
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Fairbank, Toronto is a central Toronto neighbourhood notable for its salespeople and tradespeople. It has a higher than average population of immigrants, particularly those from Portugal and the Philippines, and Italian, Spanish, Tagalog and Portuguese speakers. Residents tend to be older with a significant number of adults aged 35 to 64.
Kids Per Family
1.2
kids per family
in the neighbourhood.
46%
of residents are
single and loving it.
46% singles
Toronto (50%)
36%
of residents
are renters.
36% renters
Toronto (47%)
21%
of residents are
university grads.
21% university grads
Toronto (48%)Average Household Income
$97K
is the average household
income in the neighbourhood.
Professions
| Sales | 19% |
| Trades | 14% |
| Business | 9% |
| Government | 8% |
| Management | 4% |
54%
of residents were
born outside of Canada.
54% immigrants
Toronto (48%)17.1% from Portugal
All-time
2.0% from Philippines
Recent
Foreign Languages
| Portuguese | 26% |
| Spanish | 8% |
| Italian | 5% |
| Tagalog | 5% |
| Vietnamese | 1% |
Religions
| Christian | 81% |
| Buddhist | 3% |
| Hindu | 2% |
| Muslim | 2% |
Social Housing Buildings
0
Social housing buildings
in the neighbourhood.
Shelters
1
Homeless shelters in
the neighbourhood.