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1477 Eglinton Ave W. 1477 Eglinton Avenue West, York, ON M6E 2G6, Canada
Residential - Income
Mixed Use
Property Description
Rarly offered 9 Plex! Steps from Eglinton Subway and Eglinton Crosstown LRT! Eight Apartments And 1 Commercial Store. Building Well Maintained And Fully Rented. Majority of Tenants Pay Own Hydro Electric Heat. Good Investment Property $141,360.00K Gross Rent.
Area Description
The Eglinton West corridor is a commercial main street that has been of great cultural heritage significance to the City of Toronto as a distinct ethnic and cultural hub for Caribbean and African immigrants for many decades. Commonly known as both “Little Jamaica” and “Eglinton”, the area is recognized for the clusters of Black-owned businesses of cultural relevance including barber shops, restaurants specializing in Caribbean cuisine, Black aesthetics and hair shops, recording studios, and music stores. The corridor plays an important role as a commercial and cultural destination for both local residents and visitors from other parts of the city and the surrounding GTA.
Highlights
Major Transit Corridor -Subway
Line 5 Eglinton is a light rail line that is under construction in Toronto, Ontario, Canada. Owned by Metrolinx and operated by the Toronto Transit Commission, the line will be part of the Toronto subway system as its fifth route.
Full Address: 1477 Eglinton Avenue West, York, ON M6E 2G6, Canada
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 100
Zoning: CR2.5(c2.5;r2.5*2572)
County: Toronto
Closest Cross Streets: Eglinton Ave West/ Marlee
Use Type: Multi-Res with 1 Commercial Unit
Property ID: 4035984
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Waste: Yes
Has Broadband: Yes
Building Sf: 5000
Parcel Num: PT LT 3 PL 1672 TWP OF YORK
Number Units: 9
Number Buildings: 1
Number Parking Spaces: 2
Cap Rate: 4.25
Tenancy Type: Multi-Tenant
Major Transit Corridor -Subway Line 5 Eglinton is a light rail line that is under construction in Toronto, Ontario, Canada. Owned by Metrolinx and operated by the Toronto Transit Commission, the line will be part of the Toronto subway system as its fifth route.
Cash Flow Type: Actual
Cf Op Expenses: 31781
Cf Effective Gross: 141360
Cf Year: 2023
Cf Sched Income: 141360
Cf Net Op Income: 106752