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Graham Howarth

ghowarth@grahamhowarth.ca +1(416) 602-1563

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587 Danforth RD Toronto E04, ON M1S 1P4

10 Beds

6 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Municipality Toronto E04

Subdivision Clairlea-Birchmount

MLS Listing ID E13216158

Style 2-Storey

Bedrooms 10

Annual Tax Amount $9,275

Tax Year 2025

Property Sub-Type Multiplex

Property Description

User/Investment Opportunity: Meticulously Maintained Multi-Plex in Desired corner Location. This property boasts an unbeatable location, with a TTC bus stop steps from your doorstep and close proximity to all amenities and downtown, offering immense appeal to tenants. The building features six residential units, comprising four 2-bedroom units and two 1-bedroom units. Each unit benefits from two separate access points, enhancing privacy and convenience. All units are currently occupied by month-to-month tenants, providing immediate income and flexibility for future strategies. Each unit includes a 3-piece washroom. A shared coin laundry facility adds an attractive amenity for residents and an additional income stream for the owner. Equipped with two furnaces with humidifiers (approx. 10 years old), four owned gas hot water tanks, two separate gas meters and separate hydro meters for each unit. Roof is approximately 12 years old. Some units are equipped with portable window air conditioning units. Ample exterior parking and 4-car detached garage. This property presents a compelling investment with an estimated annual gross income of $100,414.80 and an estimated annual expense of $27,553.00, with and estimated Net Operating Income (NOI) of 72,861.80.

Location

Province ON

County Toronto

Community Toronto E04

Area Toronto

Zoning RS(f12.0;a510)(x56)

Rooms

Family Room No

Basement Apartment

Kitchen 6

Interior

Interior Features None

Cooling None

Inclusions Two Furnaces with humidifier-10 yrs old approx; Four (4) gas Hot water tank (owned); Two gas meters; 1 Coin Washer & 1 Coin Dryer; Separate hydro meters; Roof -12 yrs old (approx); All electric light fixtures (not belonging to Tenant) 6 fridges, 6 stoves.

Exterior

Parking Features Private

Garage Spaces 4.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 107.13

Lot Depth 130.0

Total Parking Spaces 19

Building

Foundation Block, Brick

Others

Senior Community Yes

ParcelsYN No

Listed by CBRE LIMITED

Graham Howarth

Agent

+1(416) 602-1563

Graham Howarth

587 Danforth RD Toronto E04, ON M1S 1P4

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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587 Danforth RD

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