Active

16 Muskoka Ave

Toronto Ontario, M8W 1H3

C$2,295,000


Active

8 Beds

5 Baths

Multi-family

AN EXTREMELY RARE TRIPLEX FIND ! VACANT POSSESSION ! This Owner Occupied, Air Conditioned Extra Large Triplex has been Totally and Elegantly Updated and comes with 2 Very Spacious 3 Bedroom Apartments, EACH WITH 2 BATHROOMS, ENSUITE LAUNDRIES AND BALCONIES, and an an Extra Large Lower Level, Sunfilled 2 Bedroom Apartment, with Large Above Ground Windows and ENSUITE LAUNDRY. Set in Highly Sought After Long Branch Village, just a short walk from the Lake, on a Huge 46.5ft x 160.5ft Lot, with Private Rear Garden, 2 Car Garage, plus 4 more Parking Spaces, and extra Wide Private Double Driveway. CURRENT NET INCOME IS $95,000 WITH WITH POSSIBILTY OF INCREASING IT TO $102,000 PLUS THE 2.5 INCREASE FOR 2025. Ideal for the Investor to get a 4.5% Cap Rate on a Building in Top Conditon and needing no work, or for the Multi Generation Family to make it their Home. THIS PROPERTY MUST BE SEEN TO BE TRULY APPRECIATED.

W10404744

MLS ID

December 22, 2024

Updated

Map

16 Muskoka Ave
Toronto Ontario, M8W 1H3

Interior Features

Total Stories

2


Bedrooms

8


Total Bathrooms

5


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Gas

Exterior/Building Features

Lot Size

0.17 Acres


Sewer

Sewers

Other Property Details

Area Name

Long Branch


Taxes

$6,831


Tax Frequency

Annually


Garage

Yes


Garage Spaces

2


Parking

Detached


Parking Total

6


View

No


County

Ontario


Municipality

Toronto


Water Source

Municipal


Pool

No


Pool Features

None

Listing History

Date

Event

Price

11/18/2024

Price change

$2,295,000

-4%

11/12/2024

Price change

$2,385,000

-3%

 

Courtesy of Listed by , RE/MAX PROFESSIONALS INC.,

Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.

©2024 Toronto Real Estate Board. All rights reserved. 

Data last updated 12:27 AM UTC, 12/22/2024

 

Powered byLuxury Presence