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1160 Dufferin St
Toronto, ON M6H 4B8
1160 Dufferin Street · Multifamily Property For Sale
·
4 Units
Investment Highlights
- Highly visible corner property
- Redevelop into a purpose-built rental apartment
- Short walk from Dufferin Subway Station
- Renovate for higher rental yield with an anticipated 8% leveraged return
- Major Streets Initiative
Executive Summary
Renovate or build, two great options for this highly visible corner property in Toronto's West Junction-Wallace area. Take advantage of the existing 4-unit building: 1-Commercial and 3-Residential units, and renovate them for higher rental yields with an anticipated 8% leveraged return, or benefit from Toronto's Major Street Initiative and create a design-build option for purpose-built multi-residential apartments. The property features a 425 sq. ft. main-floor commercial unit and three residential apartments located on the rear and upper levels. This well-maintained building offers almost 2,400 sq. ft. of above-grade space, with a flexible and income-friendly unit mix of two one-bedroom apartments and one three-bedroom apartment. Nestled in a desirable, transit-oriented location just minutes from Dufferin Station, the property benefits from strong rental demographics, excellent connectivity, and an impressive Walk Score of 88. Conveniently located near shops, restaurants, a community centre, and schools. Seller is a Registered Real Estate Agent (RREA).
Property Facts
Amenities
Site Amenities
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 3+2 | 1 | - | - |
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