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5 SORAUREN AVENUE, Toronto (Roncesvalles) — listed at $4,300,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Rare Multi-Residential Investment & Development Opportunity in Toronto! Exceptional opportunity to acquire an established legal 7-unit multi-residential property with approved plans for Phase 2 development of an additional 5 residential units - offering the potential for a 12-unit multi-residential property upon completion. The existing building consists of 7 self-contained residential units, providing immediate rental income while offering significant value-add potential through the approved second phase. Ideally situated in the highly desirable Sorauren/Parkdale neighbourhood, steps to Sorauren Avenue Park and minutes to Roncesvalles Village, Queen Street West, TTC, shops, restaurants and everyday amenities. An outstanding opportunity for investors, developers and multi-residential operators to acquire an income-producing asset with a clear path for further intensification in a prime Toronto location. Existing 7 legal units + approved plans for 5 additional units - a truly unique investment and development opportunity. (id:60164)
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $8,501.81, heating is baseboard heaters, forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
What makes this a luxury property?+
At $4,300,000, standout features include 7 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
What's the parking situation?+
This property includes 0 spaces — Detached Garage, No Garage.
How is the space laid out across floors?+
This is a 2-storey multi-family. The 14 bedrooms and 7 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Does it have a basement, and is it finished?+
The listing describes the basement as: None. Confirm the finishing status during a showing — it affects both livable space and resale value.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
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