150 Park Street, Toronto, ON M1N 2P6
- $1,275,000
- 5
- BD
- 3
- BA
- 1,500
- SqFt
- List Price
- $1,275,000
- MLS#
- E13622088
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Triplex
- Style
- 2-Storey
- Bedrooms
- 5
- Bathrooms
- 3
- Living Area
- 1500-2000
- Province
- ON
- Municipality
- Toronto
- Area
- Toronto
- Neighborhood
- Birchcliffe-Cliffside
- Subdivision
- Midland @ Kingston Rd.
Property Description
Purpose-built triplex offering a rare opportunity for investors to unlock immediate value. All three units are vacant, allowing the next owner to maximize current market rents, or update and push rent potential even higher from day one. The property features two spacious 2-bedroom suites, approximately +900 sq. ft. each, plus a bright 1-bedroom lower-level suite with above-grade windows, approximately 700 sq. ft. Every unit includes parking, a sought-after amenity that supports strong tenant demand. Whether you're expanding your portfolio or entering the multiplex market, this is an opportunity to acquire a solid purpose-built asset with substantial upside. Located in the sought-after Cliffside neighbourhood, this property is just minutes from Kingston Road's shops, restaurants, GO Transit, TTC, the Scarborough Bluffs, waterfront parks, and everyday conveniences. Additional features include separate hydro meters, a new furnace (2026), on-site laundry, and a private backyard.A stabilized pro forma and market rent analysis demonstrate the property's long-term income potential, making it an attractive investment in the growing Cliffside neighbourhood.
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Additional Information
- Taxes
- $4,834
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- None
- Kitchens
- 3
- Exterior
- Brick, Stone
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 3
- Parking Type
- Lane
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Listing courtesy of REAL ESTATE HOMEWARD.