267 Albany Avenue

Annex, Toronto · MLS® C14033736

House · Single Family · 10 days on market

listed by DANIEL TODD FREEMAN, FREEMAN REAL ESTATE LTD.

realtor's description

Prudent Investment Vehicle, or Live in the Heart of the Annex and Cover your Mortgage Payments. An outstanding opportunity on a friendly Annex street, with Palmerston Elementary, Essex, and Harbord Collegiate catchment. Short walk to UofT and George Brown Campuses. This well-maintained three-storey semi-detached home offers three self-contained residential suites, established rental income and exceptional flexibility in one of Toronto's most sought-after neighbourhoods. An appealing option for investors, end-users seeking income to help offset ownership costs, or those considering a future multi-generational or single-family home. The upper two floors feature a three-bedroom suite ($2,780/month), the main floor a one-bedroom suite ($1,845/month), and the basement a bachelor suite ($938/month). Total current rental income of $5,563/month. All three tenancies are month-to-month. A compelling opportunity to secure a versatile income property in an established, highly walkable downtown neighbourhood, with long-term potential to make it your own. Each unit has its own laundry facilities. UPGRADES BY SELLER: Significant improvements over the years include basement underpinning and floor lowering, roof replacements, updated 1st-floor windows, furnace, and replacement of the main drain from the street. Additional upgrades include a sump pump, backwater valve, and basement flooring (2021), along with a renovated main-floor kitchen and updated appliances throughout the 3 suites. A well-maintained property with substantial investment in key structural and mechanical components.