$2,499,990Asking Price
1640 Dufferin Street, Toronto, ON M6H 3L8
Earlscourt - Corso Italia, Toronto
Prime Investment Opportunity! Fully Renovated 5 unit building. This rare offering presents a completely remodelled five-unit property, ideally positioned for investors seeking strong cash flow and long-term value. This property is a lucrative addition to any portfolio with a projected $153,000 in gross rental income and an approximate 5% cap rate. The building features five units, including three spacious 2-bed, 2-bath units (above ground), one 1-bed, 1-bath walkout unit and one bachelor apartment on the lower level. Each unit has been extensively renovated with modern, high-end finishes, including Five brand new kitchens, Eight updated bathrooms featuring sleek glass showers, New drywall, insulation, and energy-efficient pot lights, Updated electrical and plumbing systems, 8-foot ceilings in the basement for added appeal. Additional features include Four separate hot water tanks, four furnaces, and four AC units; two vacant units provide immediate rental income potential or the opportunity for owner-occupancy. Located just steps from the bustling St. Clair Ave, this property is surrounded by an array of trendy restaurants, boutique shops, and coffee spots. With its turnkey condition, strong rental income potential, and prime location, this property offers an exceptional opportunity for a hands-off investor or owner-operator.
Prime Investment Opportunity! Fully Renovated 5 unit building. This rare offering presents a completely remodelled five-unit property, ideally positioned for investors seeking strong cash flow and long-term value. This property is a lucrative addition to any portfolio with a projected $153,000 in gross rental income and an approximate 5% cap rate. The building features five units, including three spacious 2-bed, 2-bath units (above ground), one 1-bed, 1-bath walkout unit and one bachelor apartment on the lower level. Each unit has been extensively renovated with modern, high-end finishes, including Five brand new kitchens, Eight updated bathrooms featuring sleek glass showers, New drywall, insulation, and energy-efficient pot lights, Updated electrical and plumbing systems, 8-foot ceilings in the basement for added appeal. Additional features include Four separate hot water tanks, four furnaces, and four AC units; two vacant units provide immediate rental income potential or the opportunity for owner-occupancy. Located just steps from the bustling St. Clair Ave, this property is surrounded by an array of trendy restaurants, boutique shops, and coffee spots. With its turnkey condition, strong rental income potential, and prime location, this property offers an exceptional opportunity for a hands-off investor or owner-operator.
See MoreKey Info
- 3-Storey Detached
- 0-Car Driveway
- No Garage
- St Clair and Dufferin
- 2500-3000 Approximate Sq Feet
- 5 + 2 Kitchens
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 25 x 120 Feet
- Brick Exterior
- Taxes were $4,442 in 2024
- Possession: TBA
Details
- No Fireplace
- No Family Room
- Sewers
- Municipal Water
- MLS #W11982388
- RE/MAX REALTY SPECIALISTS INC.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 8.86' x 9.19' | Quartz Counter |
| 2 | Bathroom | Main | 7.81' x 3.94' | Glass Doors |
| 3 | Bathroom | Main | 10.27' x 4.23' | 3-PieceEnsuite |
 | 2 3-Piece Bathrooms on Main Floor | |||
| 2 3-Piece Bathrooms | |||
| 2 3-Piece Bathrooms | |||
| 1 3-Piece Bathroom on Lower | |||
| 1 3-Piece Bathroom on Lower | |||
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Who lives here?
Earlscourt - Corso Italia, Toronto is a central Toronto neighbourhood notable for its salespeople and tradespeople. It has a higher than average population of immigrants, particularly those from Italy and Portugal, and Italian, Spanish and Portuguese speakers. Residents tend to be older with a significant number of adults aged 30 to 59.
Families
Kids Per Family
1.2
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
48%
of residents are
single and loving it.
48% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
32%
of residents
are renters.
32% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
30%
of residents are
university grads.
30% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$107K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 17% |
| Trades | 13% |
| Business | 8% |
| Government | 8% |
| Management | 6% |
Immigrants
48%
of residents were
born outside of Canada.
48% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
15.6% from Portugal
All-time
Birthplace - Recent
0.4% from Other South America
Recent
Foreign Languages
Foreign Languages
| Portuguese | 23% |
| Italian | 9% |
| Spanish | 8% |
| Vietnamese | 2% |
| Tagalog | 2% |
Religions
Religions
| Christian | 73% |
| Buddhist | 4% |
| Muslim | 2% |
| Hindu | 2% |
| Jewish | 1% |
Social Housing
Social Housing Buildings
0
Social housing buildings
in the neighbourhood.
Shelters
Shelters
1
Homeless shelters in
the neighbourhood.
