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