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$ 1,850,000
Est. payment /mo
New
62 Harvard AVE Toronto W01, ON M6R 1C6
5 Baths
3,188 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,188 sqft
Price per Sqft $580
Subdivision Roncesvalles
MLS Listing ID W12170218
Annual Tax Amount $7,796
Tax Year 2024
Property Sub-Type Investment
Lot Depth 132.0
Lot Front 21.0
Property Description
62 Harvard Ave, A Rare Legal Fourplex In The Heart Of Roncesvalles! This Fully Detached 2.5-Storey Brick Beauty Is A True Income Powerhouse In One Of Torontos Most Coveted Neighbourhoods. Steps To Queen West, High Park, And Roncys Iconic Shops And Eateries, This Is Prime Urban Real Estate With Long-Term Upside Built In. Set On A Deep Lot, This Property Offers A Strong Mix Of Units: A Massive 4-Bedroom Main + Basement Unit, Two 1-Bedroom Units On The Second Floor, And One Charming 1-Bedroom Unit w/ Large Balcony On The Third. All Units Are Spacious, Bright, And Fully Tenanted, Generating A Healthy $112,116 Gross Income. A Cap Rate Of 5% w/ Tons Of Upside Potential, In An A+++ Location! Theres Also Room To Grow: Several Units Have Under-Market Rents, Offering Big Value Uplift On Turnover. The Rear Yard Offers Garden Suite Potential (Buyer To Verify), Which Could Push This To A 5-Unit Asset. Perfect For Commercial Financing And A Huge Value Bump. Whether Youre An Investor Looking To Park Capital In A Bulletproof Area Or A Developer Seeking Long-Term Density Plays This Is A Rock-Solid Opportunity In One Of Toronto's Most Desirable Neighbourhoods! Strong Garden Suite Report, Potentially Up to 1047sf Build, Opportunity To Take This to 4+1 Units For CMHC Financing & BIG Value Add!
Location
Province ON
County Toronto
Community Roncesvalles
Area Toronto
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 21.0
Lot Depth 132.0
Others
Virtual Tour https://www.houssmax.ca/vtournb/c6255378
Listed by ELEVATE REALTY INC.
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