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Home ON Asphodel-Norwood
38 VICTORIA STREET
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38 VICTORIA STREET $1,299,000
$1,299,000
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38 VICTORIA STREET
Asphodel-Norwood (Norwood), Ontario K0L2V0

MLS® Number: X11993746

Listing Description

This well-maintained 6-unit multiplex building in Norwood presents a high-potential, income-generating investment opportunity. Conveniently located near amenities, schools, and public transportation, the property features a desirable unit mix of four 2-bedroom apartments and two 1-bedroom apartments, all of which are currently rented. Tenants are responsible for their own electric heating, keeping utility expenses low for the owner. The building offers practical amenities, including in-building laundry, four lockers designated for the 2-bedroom units, and in-unit storage for one of the 1-bedroom units. With surface parking available, tenants benefit from 12 dedicated parking spots. Additionally, the property holds strong investment potential, with a preliminary plan in place for possibility of constructing another residential building that would mirror the existing structure. Buyer and buyer's agent to do their own due diligence .Situated in a developing neighborhood, this property offers long-term growth and appreciation potential, further enhancing its value as a strategic real estate investment. (39959095)

Location Description

Victoria street ,Elm Street & Trans-Canada HWY

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Community Name
Norwood
Land Size
100 FT ; 268.96 ft x 101.60 ft x 155.94 ft x
Annual Property Taxes
$3,888.02
Time on REALTOR.ca
34 days

Building

Heating & Cooling
Heating Type
Forced air (Electric)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Business
Business Type
Residential (Apartments)

Measurements

Square Footage
1 ac

Land

Lot Features
Frontage
100 ft
Other Property Information
Zoning Description
R3
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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