16 Fennings Street, Toronto, ON M6J 3B8
- $1,599,000
- 6
- BD
- 5
- BA
- 3,500
- SqFt
- List Price
- $1,599,000
- MLS#
- C13795598
- Status
- ACTIVE
- Type
- Single Family Residential
- SubType
- Semi-Detached
- Style
- 2 1/2 Storey
- Bedrooms
- 6
- Bathrooms
- 5
- Living Area
- 3500-5000
- Province
- ON
- Municipality
- Toronto
- Area
- Toronto
- Neighborhood
- Trinity-Bellwoods
- Subdivision
- Queen St & Ossington Ave
Property Description
Power of Sale Opportunity! Renovated semi detached property featuring 3 separate units with the potential to generate approximately $10,000/month in gross rental income when fully leased. The front unit is currently rented at $4,200/mo while the two additional units are vacant and recently renovated. Perfect for investors seeking strong rental income or end users looking to live in one unit while collecting rental income from the other two, helping significantly offset mortgage and carrying costs. Further upside with the potential to build a laneway home with 2 additional units subject to approvals and due diligence. Located in an excellent, highly desirable area within walking distance to vibrant neighbourhood amenities, restaurants, cafes, shopping, transit and more. A rare opportunity combining strong income potential, flexible living options and addition of potential laneway units increasing future value and upside!
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Additional Information
- Taxes
- $8,087
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- Central Air
- Kitchens
- 3
- Exterior
- Brick
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 4
- Parking Type
- Private
Mortgage Calculator
Listing courtesy of ROYAL LEPAGE TERREQUITY REALTY.