38 Victoria Street Asphodel-Norwood, Ontario K0L 2V0
$1,299,000
This well-maintained 6-unit multiplex building in Norwood presents a high-potential, income-generating investment opportunity. Conveniently located near amenities, schools, and public transportation, the property features a desirable unit mix of four 2-bedroom apartments and two 1-bedroom apartments, all of which are currently rented. Tenants are responsible for their own electric heating, keeping utility expenses low for the owner. The building offers practical amenities, including in-building laundry, four lockers designated for the 2-bedroom units, and in-unit storage for one of the 1-bedroom units. With surface parking available, tenants benefit from 12 dedicated parking spots. Additionally, the property holds strong investment potential, with a preliminary plan in place for constructing another residential building that would mirror the existing structure. Situated in a developing neighborhood, this property offers long-term growth and appreciation potential, further enhancing its value as a strategic real estate investment. (id:51737)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X11993746 |
| Property Type | Multi-family |
| Community Name | Norwood |
Building
| Heating Fuel | Electric |
| Heating Type | Forced Air |
| Size Interior | 1.14 Acres |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Frontage | 100 Ft |
| Size Irregular | 100 Ft ; 268.96 Ft X 101.60 Ft X 155.94 Ft X |
| Size Total Text | 100 Ft ; 268.96 Ft X 101.60 Ft X 155.94 Ft X |
| Zoning Description | R3 |
https://www.realtor.ca/real-estate/27965349/38-victoria-street-asphodel-norwood-norwood-norwood
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February 28 2025 08:10:23
Toronto Regional Real Estate Board
Century 21 Innovative Realty Inc.