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385 McRoberts AVE Toronto W03, ON M6E 4R1
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Key Details
Sold Price $829,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Caledonia-Fairbank
MLS Listing ID W7030484
Style 2-Storey
Bedrooms 3
Building Age 100+
Annual Tax Amount $3,504
Tax Year 2023
Property Sub-Type Duplex
Property Description
Attention investors / contractors looking to add to their portfolio. Rarely offered
vacant duplex which had been operating as a triplex since 2008. High demand area close to
transit, schools and parks with only 4-months of total vacancy in the last 15-years. The
property has been cleaned to the studs after a fire in June and presents a blank canvas
to build inside and increase rents. Fantastic 2022 Numbers pre-fire: Rent: $42,675,
Property taxes: $3,324, Hydro: $1989, Gas: $1437, Water: $5724, Insurance: $873,
Maintenance: $1841. Total expenses: $15,188, Profit: $27,487. Separate detached 2-car
garage provides an additional source of rent as it comes with a 240v subpanel for a
potential Tesla supercharger. Includes stainless steel appliances - 2 fridges, 2 stoves,
2 new dishwashers, A/C window unit. Offers being accepted on Tuesday, Oct. 3rd.
Location
Province ON
County Toronto
Community Caledonia-Fairbank
Area Toronto
Zoning RM
Rooms
Family Room Yes
Kitchen 3
Interior
Cooling Central Air
Exterior
Parking Features Available
Garage Spaces 2.0
Pool None
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