ON > Toronto E03 > Crescent Town
Toronto E03, ON M4C 4Z2,156 Barrington AVE
Toronto E03, ON M4C 4Z2,156 Barrington AVE
Toronto E03, ON M4C 4Z2,156 Barrington AVE
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$5,199,888
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12,240 SqFt
Price Dropped by $200K

156 Barrington AVE Toronto E03, ON M4C 4Z2

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Kenneth Yim

Kenneth Yim

+1(416) 651-5653

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 12,240 sqft

Price per Sqft $424

Subdivision Crescent Town

MLS Listing ID E10413083

Annual Tax Amount $17,853

Tax Year 2024

Property Sub-Type Investment

Lot Depth 146.79

Lot Front 75.09

Property Description

This exclusive 12-unit apartment building in Torontos East End offers a high-yield investment with a 2023 net operating income of $313,042 and a 5.8% cap rate. With 1 bachelor unit and 11 two-bedroom units, this 3-storey walk-up features intercom access, coin-operated laundry, and 8 rentable parking spaces, all designed to maximize income potential. Strategically upgraded, the property includes renovated kitchens, bathrooms, fresh paint, modern flooring, and 100-amp panels in each unit. A new boiler (2021) and 13 hydro meters add efficiency, making it an attractive choice for tenants and owners. Located near Danforth Village, Main Street Subway, and Danforth GO, the building is ideally situated for commuters, providing easy access to downtown Toronto and nearby amenities like parks, schools, and Greektowns vibrant community. High demand and rising rental rates make this area highly sought-after with low vacancy rates. With limited new construction, this property stands out as a turnkey investment with strong cash flow in a growing market. **EXTRAS** Data room available for interested buyers. Review brochure and financials for more info

Location

Province ON

County Toronto

Community Crescent Town

Area Toronto

Interior

Cooling No

Exterior

Community Features Public Transit, Subways

Utilities Available Available

Lot Frontage 75.09

Lot Depth 146.79

Listed by RE/MAX GOLD REALTY INC.

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agent

Kenneth Yim

Broker of Record | License ID: 9524831

+1(416) 651-5653

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