$1,999,000Asking Price
Rare investment and development opportunity in the heart of Playter Estates with this detached, legal purpose-built 6-plex situated on a prime 32130 foot lot. Located just steps from Broadview Station and the endless amenities of the Danforth, this property offers incredible versatility with 6 rear parking spots, two interior stairwells, and all-electric heating and cooling. The building is primed for high-yield cash flow as 5 of the 6 one-bedroom units were fully renovated within the last year, and the property can be delivered vacant on closing to allow for immediate market-rent optimization. Beyond its current state, the site holds massive upside with a proposed redevelopment plan for an 8-storey mid-rise consisting of 27 residential units and one ground-floor retail unit; architectural drawings are available for review, making this an ideal acquisition for those looking to hold a renovated asset or execute a high-density vision in a world-class transit hub.
Rare investment and development opportunity in the heart of Playter Estates with this detached, legal purpose-built 6-plex situated on a prime 32130 foot lot. Located just steps from Broadview Station and the endless amenities of the Danforth, this property offers incredible versatility with 6 rear parking spots, two interior stairwells, and all-electric heating and cooling. The building is primed for high-yield cash flow as 5 of the 6 one-bedroom units were fully renovated within the last year, and the property can be delivered vacant on closing to allow for immediate market-rent optimization. Beyond its current state, the site holds massive upside with a proposed redevelopment plan for an 8-storey mid-rise consisting of 27 residential units and one ground-floor retail unit; architectural drawings are available for review, making this an ideal acquisition for those looking to hold a renovated asset or execute a high-density vision in a world-class transit hub.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 6 4-Piece Bathrooms | ||||
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Playter Estates, Toronto is a central Toronto neighbourhood notable for its singles, renters, university grads, executives and business, education, law & public sector and arts & culture professionals. Residents tend to be older with a significant number of adults aged 25 to 49, 25 to 49 and 25 to 49 and seniors aged 65 to 69.
Kids Per Family
0.9
kids per family
in the neighbourhood.
53%
of residents are
single and loving it.
53% singles
Toronto (50%)
65%
of residents
are renters.
65% renters
Toronto (47%)
63%
of residents are
university grads.
63% university grads
Toronto (48%)Average Household Income
$151K
is the average household
income in the neighbourhood.
Professions
| Business | 13% |
| Government | 13% |
| Management | 12% |
| Sales | 11% |
| Culture | 10% |
24%
of residents were
born outside of Canada.
24% immigrants
Toronto (48%)2.7% from China
All-time
0.5% from UK
Recent
Foreign Languages
| Greek | 3% |
| French | 3% |
| Cantonese | 2% |
| Spanish | 2% |
| German | 1% |
Religions
| Christian | 48% |
| Jewish | 3% |
| Buddhist | 1% |
| Hindu | 1% |
| Muslim | 1% |
Social Housing Buildings
1
Social housing buildings
in the neighbourhood.
Shelters
0
Homeless shelters in
the neighbourhood.