This very profitable legal apartment building comprises ten well-maintained units, strategically situated just two minutes away from Humber College. Its prime location makes it a highly desirable investment for those seeking strong returns and stable demand. The property offers versatility in management, as it can be operated either as a traditional rental or as an Airbnb business. This flexibility provides potential owners with the opportunity to choose the model that best suits their investment strategy and market conditions. The current tenant base is primarily composed of Humber College students. This revolving tenancy ensures a steady influx of occupants, contributing to the building's consistent profitability year after year. Significant renovations were completed in 2017 and 2019, resulting in the building being in excellent condition. These upgrades have enhanced the property's appeal and ensured that all units meet modern standards. The building is equipped with advanced security and safety amenities, including: Keyless/Key scan access for secure entry; API fire monitoring system; 24/7 security cameras installed throughout the premises; LED lighting for improved visibility and energy efficiency. A new roof was installed in 2017, providing long-term durability and protection. Additionally, the building features a tankless boiler system, ensuring efficient heating and optimal energy usage for all tenants. The units have separate meters (7 existing and 4approved).
Details
W12803806
2
$3,999,900
Tenant
None
10 + 10
2-Storey
16
11
3500-5000 Sqft
4617.71 SquareFeet
N/A
Multiplex
Sale
Additional details
Water / Gas
C1-AV
$11877.89
2025
PT LT 169, PL 1581, AS IN TB942258 ; ETOBICOKE , CITY OF TORONTO
N/A
N
4617.71
Apartment
Wall Unit(s)
Park,Public Transit,School
Municipal
Schools Nearby
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Total Amount
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Loan Term
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Land Transfer Tax
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FAQ
What is the total square footage of the W12803806 - 3263 Lake Shore Boulevard W, Toronto W06, ON M8V 1M2?
The total square footage of this property is 3500-5000 SqFt.
What schools near to W12803806 - 3263 Lake Shore Boulevard W, Toronto W06, ON M8V 1M2?