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Home ON Greater Toronto Area Toronto Old Toronto Greenwood-Coxwell
280 WOODFIELD ROAD
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280 WOODFIELD ROAD $5,795,000
2 days ago
$5,795,000
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280 WOODFIELD ROAD
Toronto (Greenwood-Coxwell), Ontario M4L2W7

MLS® Number: E12104055

Listing Description

This property is an excellent investment opportunity! With 20 residential units and one commercial tenant secured until 2031, you've got a great mix of income stability and potential for value appreciation. A 5.35% cap rate offering a great net income and good returns - see attached Property Proforma for the details. Property is self managed (proforma shown with a property management company) for the most part and has a supervisor for maintenance and cleaning.. Mostly month-to-month tenants with three vacant 1-bedroom units which could be leased at market rates currently between $1700-$2300 per month. Also allows for possible renovations to attract a higher rent. The commercial tenant ensures reliable income until December 2031. Popular high demand area due to its walkability, transit access, and vibrant community This area is part of the Greenwood-Coxwell and Leslieville neighbourhoods, known for their vibrant and trendy atmosphere. The area boasts a Walk Score of 93, meaning daily errands can be done on foot. It also has excellent transit options with a Transit Score of 73, making commuting convenient. With a Bike Score of 79, biking is a great way to get around. The neighbourhood is packed with boutique shops, gourmet restaurants, and lively cafes, making it a hotspot for food lovers and shoppers. Residents enjoy easy access to parks and beaches, offering great outdoor spaces for relaxation and recreation. The area has a mix of historic charm and modern conveniences, making it a desirable place to live. Close to many schools in the area providing a mix of academic, technical, and arts-focused programs. (40319462)

Location Description

Gerrard St E & Greenwood

Property Summary

Property Type
Retail
Building Type
Residential Commercial Mix
Community Name
Greenwood-Coxwell
Land Size
50 FT
Annual Property Taxes
$23,858.16
Total Parking Spaces
7
Time on REALTOR.ca
2 days

Building

Heating & Cooling
Cooling
Partially air conditioned
Heating Type
Other
Utilities
Water
Municipal water
Parking
Total Parking Spaces
7

Measurements

Square Footage
11000 sqft

Land

Lot Features
Frontage
50 ft
Other Property Information
Zoning Description
CR2(c1;r2)*1573)
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
CAROL ELIZABETH FODERICK