About Property

City of Toronto licensed rooming house with two car parking spaces, A very rare chance to own a City of Toronto-licensed rooming house with 14 rooms, 6 bathrooms, and 2 kitchens. Less than 15 minutes by transit to downtown Toronto, and close to all amenities including shopping, schools, hospitals, parks, and major transit routes. Each room offers privacy with shared kitchens and bathrooms for practical living. Strong income potential with a pro forma cap rate of approx. 5.8% if fully rented at $720 per room. Current income is lower due to vacancies. Price is firm. No vendor take back. For More Information About This Listing, More Photos & Appointments, Please Click "View Listing On Realtor Website" Button In The Realtor.Ca Browser Version Or 'Multimedia' Button or brochure On Mobile Device App.

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