173-175 Madison Avenue
Unique Offering, Two-semi detached homes offered together for sale, converted into a 3.5 story 7- plex in the Annex. 1- 3 bedroom unit with 3 washrooms, and 6-2 bedroom units with 2 washrooms, all with ensuite laundry. Hyrdo electricity and gas is all separately metered. Tall ceilings. Combined, the two semis make one of the largest built structures in the Annex. The rear of the property is at the end of the laneway and has 7 car parking. Property is fully rented and is being offered for ~4% cap rate. Benefit from stable rental income or convert into a giant single family home. Heritage property status offers the benefit of lower property tax and financial assistance from the city to maintain the exterior of the building.
Features of 173-175 Madison Avenue
| MLS® # | C12260322 |
|---|---|
| Price | $6,199,000 |
| Bedrooms | 14 |
| Bathrooms | 15.00 |
| Square Footage | 5000 + |
| Type | Residential Freehold |
| Sub-Type | Multiplex |
| Style | 3-Storey |
| Status | Active |
Community Information
| Address | 173-175 Madison Avenue |
|---|---|
| Area | Toronto |
| Neighborhood | Annex |
| City | Toronto C02 |
| Province | ON |
| Postal Code | M5R 1V7 |
Amenities
| Garage Type | None |
|---|---|
| Pool | None |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | Yes |
| Basement | Finished with Walk-Out |
Exterior
| Exterior | Brick |
|---|
Listing Details
| Office | RIGHT AT HOME REALTY |
|---|