16 Fennings Street
Power of Sale Opportunity! Renovated 25 footer semi detached property featuring 3 separate units with the potential to generate approx $120,000 in gross annual rental income when fully leased. The front unit is currently leased while the two additional units are vacant and recently renovated. Perfect for investors seeking strong rental income or end users looking to live in one unit while collecting rental income from the other two, helping significantly offset mortgage and carrying costs. Further upside with the potential to build a laneway home with 2 additional units subject to approvals and due diligence. Located in an excellent, highly desirable area within walking distance to vibrant neighbourhood amenities, restaurants, cafes, shopping, transit and more. A rare opportunity combining strong income potential, flexible living options and addition of potential laneway units increasing future value and upside!
Features of 16 Fennings Street
| MLS® # | C13795598 |
|---|---|
| Price | $1,599,000 |
| Bedrooms | 6 |
| Bathrooms | 5.00 |
| Square Footage | 3500-5000 |
| Type | Residential Freehold |
| Sub-Type | Semi-Detached |
| Style | 2 1/2 Storey |
| Status | Active |
Community Information
| Address | 16 Fennings Street |
|---|---|
| Area | Toronto |
| Neighborhood | Trinity-Bellwoods |
| City | Toronto C01 |
| Province | ON |
| Postal Code | M6J 3B8 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Garage Type | None |
| Pool | None |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | Yes |
| Basement | Separate Entrance, Finished, Walk-Up |
Exterior
| Exterior | Brick |
|---|
Listing Details
| Office | ROYAL LEPAGE TERREQUITY REALTY |
|---|