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293/295 INDIAN GROVE, Toronto (High Park North) — listed at $3,490,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
High Park legal 6-plex plus shovel-ready garden suites! 4 two-bedroom units and 2 large, bright one-bedroom lower level units, 4 of 6 renovated, 100% leased with in-place NOI of $144,860. 2 BR units approx 892 Sq Ft & 1 BR units are approx 794 Sq Ft. COA approved and building permits issued (transferable) for two new rent-control-exempt garden suites: a 3 bed (1,137 sf) and a 2 bed (971 sf). Design, permit fees and DCs already paid, and a fixed-price CCDC build quote in hand - the approvals work is done, grow from 6 units to 8. Additional upside as two legacy 2-bedroom units turn over to market. Rare 4-car detached garage and private drive. All units with separate upgraded electric panels. Coin laundry. Exceptional investment and solid money maker on a nice lot. Short walk to Bloor shops, Keele subway station and High Park. Own a stabilized 6-plex today and an 8-plex tomorrow. Great opportunity to own a High Park North asset. (id:60164)
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $15,308, heating is radiator. Always verify the latest figures with your agent before making an offer — these change yearly.
What's the parking situation?+
This property includes 4 spaces.
Who is 293/295 INDIAN GROVE best suited for?+
With null bedrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
How is the home heated? Is it efficient?+
Heating is radiator. Ask for past utility bills to understand real heating costs.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
What makes this a luxury property?+
At $3,490,000, standout features include 5200 sq ft. In this price range, expect higher-end finishes — verify during a showing.
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