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15 BURRARD ROAD, Toronto (Elms-Old Rexdale) — listed at $2,499,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
A Rare Turnkey Investment Opportunity! Welcome to 15 Burrard Road, a brand new, purpose-built and fully permitted fourplex completed in 2025, offering four separately self-contained residences and exceptional income generating potential in Toronto. Currently generating $6,000/month in rental income with both lower level suites vacant, the property offers the potential to generate approximately $9,700-$10,000/month when fully tenanted. Thoughtfully designed for independent living, each residence features its own private entrance, separate hydro and heating controls, providing functionality and convenience for both ownership and tenancy. The main floor residence, currently rented for $3,000/month, offers 2 bedrooms and 2 bathrooms, including a primary ensuite, a spacious open-concept kitchen and living area, and generous storage. The second floor residence, also rented for $3,000/month, features 2 bedrooms plus a den, 2 bathrooms including a primary ensuite, and an expansive open-concept kitchen and living space. The finished lower level contains two additional self-contained 1-bedroom, 1-bathroom suites, both currently vacant, offering flexibility for new tenancy or potential owner occupation. Each lower suite has an estimated rental potential of approximately $1,850-$2,000/month. Outside, a four-car private driveway provides ample parking for residents. Ideally positioned near Hwy 401, the property offers convenient access to transit, shopping, schools, parks, recreation and everyday amenities. Whether expanding an existing portfolio or entering the multi-residential market, don't miss this rare opportunity to acquire a brand-new 2025-built fourplex with significant income-generating potential. Power of Sale. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | 7.45 x 4.22 meters |
| Primary Bedroom | Basement | 2.9 x 2.7 meters |
| Bathroom | Basement | 2.35 x 1.6 meters |
| Kitchen | Basement | 4.04 x 5.06 meters |
| Primary Bedroom | Basement | 3.13 x 2.56 meters |
| Bathroom | Basement | 2.5 x 1.64 meters |
| Primary Bedroom | Main level | 3 x 3.44 meters |
| Bedroom 2 | Main level | 3.18 x 2.84 meters |
| Bathroom | Main level | 2.54 x 1.61 meters |
| Kitchen | Second level | 7.89 x 3.49 meters |
| Den | Second level | 2.29 x 1.71 meters |
| Primary Bedroom | Second level | 3.7 x 3.49 meters |
| Bedroom 2 | Second level | 3.11 x 2.86 meters |
| Bathroom | Second level | 2.54 x 1.64 meters |
| Kitchen | Basement | 5.08 x 3.32 meters |
Does it have a basement, and is it finished?+
Yes — Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
What's the parking situation?+
This property includes 4 spaces — No Garage.
What makes this a luxury property?+
At $2,499,000, standout features include 6 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
How is the space laid out across floors?+
This is a 2-storey multi-family. The 6 bedrooms and 6 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $6,022, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Could this work as an investment property?+
The basement description mentions: Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Toronto (Elms-Old Rexdale) before counting on it.
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