Located on a quiet cul de sac across the road from the Lake in New Toronto. A well-managed and maintained sixplex with two 2-bedroom units and four 3-bedroom units. There are 7 surface parking spaces, separate hydro meters, coin-op laundry, Upgraded gas boiler, and windows. High-demand area with transit, schools, parkland, and Lake all within minutes of the location. A great investment opportunity with lots of upside. The property is being sold in conjunction with 8 Lake Shore Dr (11 units) on MLS. |
Extras: Property is for sale in conjunction with an 11 unit building at 8 Lake Shore Dr on MLS |
Price | $2,600,000 |
Taxes: | $10145.45 |
Tax Type: | Annual |
Occupancy by: | Tenant |
Address: | 6 Lake Shore Dr , Toronto, M8V 1Z1, Ontario |
Postal Code: | M8V 1Z1 |
Province/State: | Ontario |
Legal Description: | PT LT 2 &LOY 3, PL 1783, AS IN TB948635; |
Lot Size: | 82.87 x 99.60 (Feet) |
Directions/Cross Streets: | Lake Shore Dr/ First |
Category: | Apartment |
Use: | Apts-6 To 12 Units |
Building Percentage: | Y |
Total Area: | 6899.00 |
Total Area Code: | Sq Ft |
Area Influences: | Grnbelt/Conserv Public Transit |
Financial Statement: | Y |
Gross Income/Sales: | $131256 |
Operating Expenses: | $33945 |
Net Income Before Debt: | $97311 |
Year Expenses: | 2024 |
Expenses Actual/Estimated: | $Act |
Sprinklers: | N |
Washrooms: | 6 |
Heat Type: | Gas Hot Water |
Central Air Conditioning: | N |
Sewers: | Sanitary |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
ROYAL LEPAGE REAL ESTATE SERVICES LTD. |
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Type: | Com - Investment |
Area: | Toronto |
Municipality: | Toronto |
Neighbourhood: | New Toronto |
Lot Size: | 82.87 x 99.60(Feet) |
Tax: | $10,145.45 |
Baths: | 6 |