Rare opportunity to own a fully legal 5-unit income property in one of Torontos most sought-after rental neighbourhoods. Four of five units have been renovated, offering strong in-place income with significant upside as units turn over to market rents. High cap rate in a high-growth area perfect for the savvy investor. Recent upgrades include roof shingles (2021), new sump pump (2024), and boiler pump (2025). Excellent tenant profile and minimal vacancy.Laneway access at the rear presents potential for a laneway suite (buyer to verify), adding future income potential. Steps to Queen West, transit, and all urban amenities. This is a rare, turnkey asset with stability, upside, and long-term value. (id:52316)
GILBERT REALTY INC.
$2,095,000
115 GLADSTONE AVENUE, Toronto, Ontario
5 Bedrooms
5 Bathrooms
Property
MLS® Number: C12086409
Address: 115 GLADSTONE AVENUE
City: Toronto
Exterior: Brick
Utilities
Heating: Radiant Heat, Natural Gas
Parking
Parking Spaces: 2
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Property Sale History
Travel and Neighbourhood
95/100Walk Score®
Walker's Paradise
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Location
