$1,750,000Asking Price
16 John Best Avenue, Toronto W04, ON M9N 1C3
Weston, Toronto
Exceptional investment opportunity! This fully renovated triplex generates nearly $120,000 in annual income, offering a strong cap rate of over 6%. Each of the three units is thoughtfully designed as a spacious 2-bedroom, 2-bath layout, with modern finishes and updated systems for peace of mind. Accessibility is prioritized with elevator access and barrier-free design, making the suites highly desirable for long-term tenants. Currently leased to reliable occupants, this property ensures stable cash flow and minimal vacancy risk. A rare chance to secure a turnkey multi-residential asset with proven performance and significant upside in a growing rental market.
Exceptional investment opportunity! This fully renovated triplex generates nearly $120,000 in annual income, offering a strong cap rate of over 6%. Each of the three units is thoughtfully designed as a spacious 2-bedroom, 2-bath layout, with modern finishes and updated systems for peace of mind. Accessibility is prioritized with elevator access and barrier-free design, making the suites highly desirable for long-term tenants. Currently leased to reliable occupants, this property ensures stable cash flow and minimal vacancy risk. A rare chance to secure a turnkey multi-residential asset with proven performance and significant upside in a growing rental market.
See MoreKey Info
- Bungalow Triplex
- 4 Parking
- No Garage
- Jane / Lawrence
- 700-1100 Approximate Sq Feet
- 0-5 Years Approximate Age
- No Ensuite Laundry
- HeatPump Gas Heating
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $5,188 in 2025
Details
- Elevator
- Brick Exterior
- No Fireplace
- 3 Kitchens
- Designation: Accessibility
- Physically Handicap Equipped
- MLS #W12389656
- FOREST HILL REAL ESTATE INC.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 4 4-Piece Bathrooms on Main Floor | |||
| 2 4-Piece Bathrooms on Lower | |||
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Who lives here?
Weston, Toronto is a west Toronto neighbourhood notable for its singles, renters, salespeople and tradespeople. It has a higher than average population of immigrants, particularly those from Jamaica, and Spanish speakers. Residents tend to be older with a significant number of babies, kids aged 5 to 14, adults aged 45 to 64 and seniors aged 65 to 69.
Families
Kids Per Family
1.3
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
59%
of residents are
single and loving it.
59% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
59%
of residents
are renters.
59% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
24%
of residents are
university grads.
24% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$76K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 17% |
| Trades | 11% |
| Business | 10% |
| Government | 7% |
| Manufacturing | 4% |
Immigrants
51%
of residents were
born outside of Canada.
51% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
12.3% from Caribbean
All-time
Birthplace - Recent
1.0% from Jamaica
Recent
Foreign Languages
Foreign Languages
| Spanish | 6% |
| Portuguese | 5% |
| Somali | 4% |
| Vietnamese | 3% |
| Italian | 3% |
Religions
Religions
| Christian | 65% |
| Muslim | 9% |
| Buddhist | 4% |
| Hindu | 3% |
| Jewish | 1% |
Social Housing
Social Housing Buildings
3
Social housing buildings
in the neighbourhood.
Shelters
Shelters
1
Homeless shelters in
the neighbourhood.
