Active

156 Barrington Ave

Toronto Ontario, M4C 4Z2

C$5,399,888


Active

Commercial

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

E10413083

MLS ID

February 13, 2025

Updated

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

N


Heating

Yes


Heating Description

Gas Hot Water

Exterior/Building Features

Lot Size

0.25 Acres


Sewer

SanStorm

Other Property Details

Area Name

Crescent Town


Taxes

$17,853


Tax Frequency

Annually


Garage

No


Parking

Outside/Surface


Parking Total

7


View

No


County

Ontario


Municipality

Toronto


Water Source

Municipal


Pool

No


Utilities

A


Zoning

RD (F6; A185; d0.75) Multi Residential

 

Courtesy of Listed by , RE/MAX GOLD REALTY INC.,

Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.

©2025 Toronto Real Estate Board. All rights reserved. 

Data last updated 11:10 AM UTC, 2/13/2025

 

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