173-175 Madison Avenue, Toronto C02, ON M5R 2S6
Toronto C02 , M5R 2S6
$5,999,000.00
14 Bedrooms
15 Bathrooms
Residential Freehold
Property Details
| MLS Number | C13458602 |
| Property Type | Residential Freehold |
| City | Toronto C02 |
| City Region | Annex |
| Postal Code | M5R 2S6 |
| Cross Street | spadina and dupont |
| Street Number | 173-175 |
| Street Name | Madison |
| Lot Width | 50 ft |
| Lot Depth | 126 ft |
| Bedrooms | 14 |
| Bathrooms | 15 |
| Annual Tax | $22,003.00 |
| Sewer | Sewer |
| Occupant Type | Tenant |
Description
Unique Offering, Two-semi detached homes offered together for sale, converted into a 3.5 story 7- plex in the Annex. 1- 3 bedroom unit with 3 washrooms, and 6-2 bedroom units with 2 washrooms, all with ensuite laundry. Hyrdo electricity and gas is all separately metered. Tall ceilings. Combined, the two semis make one of the largest built structures in the Annex. The rear of the property is at the end of the laneway and has 7 car parking. Property is fully rented and is being offered for ~4% cap rate. Benefit from stable rental income or convert into a giant single family home. Heritage property status offers the benefit of lower property tax and financial assistance from the city to maintain the exterior of the building.
Selvan Puvaneswaranathan
Broker — REMAX Crossroads