New
$1,999,999
48 Wallace Avenue
Dovercourt-Wallace Emerson-Junction, Toronto
6 Beds 3 Baths 2000-2500 sq ft
Triplex
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MLS® W14120630 · RIGHT AT HOME REALTY
1 / 41$2,125,000
High Park-Swansea, Toronto, ON
—
Bedrooms
0
Bathrooms
2212
Sq Ft
2
Parking
Exceptional investment opportunity in one of Toronto's most desirable west-end neighbourhoods. This truly LEGAL triplex has been completely rebuilt from the studs, offering a turnkey, income-producing asset with strong rental demand and low maintenance requirements. The property features an ideal unit mix of two one-bedroom apartments on the lower and main levels, along with a spacious three-bedroom upper-level suite, totalling approximately 2212 sq. ft. of rentable area. Each suite is thoughtfully designed with contemporary finishes, a sleek kitchen with stainless steel appliances, in-suite laundry, bright open-concept living spaces, and walkout access to a private deck or patio. An exceptional opportunity to acquire a fully leased investment property with reliable income and outstanding long-term appreciation potential in one ofToronto's most sought-after rental markets. Leveraged CAP rate of 8.66% with 30% down. Gross Income: $116,400, Expenses $17,750, Net Income $98,650 in year 1. Offering memorandum available.
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