Multi-Family for Sale in Toronto
156 Barrington Avenue, Toronto, ON
- 0 BEDS
- 12 BATHS
- 12,240 sq.ft. Home
Key Facts
- MLS® #: 40675484
- Property ID: SIRC2189938
- Property Type: Residential, Multi-Family Home
- Living Space: 12,240 sq.ft.
- Bathrooms: 12
- Parking Spaces: 8
- Listed By:
- Re/Max Gold Realty Inc., Brokerage
Property Description
This exclusive 12-unit apartment building in Toronto's 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.
Listing Agents
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Location
156 Barrington Avenue, Toronto, Ontario, M4C 4Z2 Canada
Around this property
Information about the area within a 5-minute walk of this property.
- 23.58% 35 to 49 年份
- 21.36% 50 to 64 年份
- 20.27% 20 to 34 年份
- 11.66% 65 to 79 年份
- 5.2% 5 to 9 年份
- 5.11% 15 to 19 年份
- 5.03% 0 to 4 年份
- 4.71% 10 to 14 年份
- 3.07% 80 and over
- Households in the area are:
- 53.26% Single family
- 39% Single person
- 7.57% Multi person
- 0.17% Multi family
- 106 740 $ Average household income
- 48 023 $ Average individual income
- People in the area speak:
- 72.17% English
- 6.17% English and non-official language(s)
- 4.3% Bengali
- 3.55% Romanian
- 3.17% Spanish
- 2.59% Yue (Cantonese)
- 2.54% Tagalog (Pilipino, Filipino)
- 2.48% Amharic
- 1.58% French
- 1.45% Portuguese
- Housing in the area comprises of:
- 62.01% Apartment 5 or more floors
- 22.19% Single detached
- 5.02% Row houses
- 4.39% Apartment 1-4 floors
- 3.49% Semi detached
- 2.9% Duplex
- Others commute by:
- 40.87% Public transit
- 4.96% Other
- 4.89% Foot
- 1.3% Bicycle
- 27.25% High school
- 23.04% Bachelor degree
- 19.1% College certificate
- 16.02% Did not graduate high school
- 9.31% Post graduate degree
- 3.2% Trade certificate
- 2.07% University certificate
- The average are quality index for the area is 2
- The area receives 299.15 mm of precipitation annually.
- The area experiences 7.39 extremely hot days (30.79°C) per year.
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- Principal and Interest $26,368 /mo
- Property Taxes n/a
- Strata / Condo Fees n/a