16 John Best Avenue Toronto, Ontario M9N 1C3
$1,750,000
Exceptional investment opportunity! This fully renovated triplex generates nearly $120,000 in annual income, offering a strong cap rate of over 6%. Each of the three units is thoughtfully designed as a spacious 2-bedroom, 2-bath layout, with modern finishes and updated systems for peace of mind. Accessibility is prioritized with elevator access and barrier-free design, making the suites highly desirable for long-term tenants. Currently leased to reliable occupants, this property ensures stable cash flow and minimal vacancy risk. A rare chance to secure a turnkey multi-residential asset with proven performance and significant upside in a growing rental market. (id:60365)
Property Details
| MLS® Number | W12389656 |
| Property Type | Multi-family |
| Community Name | Brookhaven-Amesbury |
| Features | Wheelchair Access |
| ParkingSpaceTotal | 4 |
Building
| BathroomTotal | 6 |
| BedroomsAboveGround | 6 |
| BedroomsTotal | 6 |
| Age | 0 To 5 Years |
| Appliances | Dishwasher, Dryer, Stove, Washer, Refrigerator |
| ArchitecturalStyle | Raised Bungalow |
| BasementDevelopment | Finished |
| BasementFeatures | Walk Out |
| BasementType | N/a (finished) |
| CoolingType | Wall Unit |
| ExteriorFinish | Brick |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Heat Pump |
| StoriesTotal | 1 |
| SizeInterior | 700 - 1100 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 125 Ft |
| SizeFrontage | 40 Ft |
| SizeIrregular | 40 X 125 Ft |
| SizeTotalText | 40 X 125 Ft |
| ZoningDescription | Residential |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
Jay Nusbaum
Salesperson
659 St Clair Ave W
Toronto, Ontario M6C 1A7
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September 08 2025 09:06:54
Toronto Real Estate Board
Forest Hill Real Estate Inc.
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