FOR SALE
$2,988,000
99 Sheppard, Toronto, ON, M2N 3A3
3+2
2
1100-1500
About the Property
This very profitable legal apartment building comprises ten well-maintained units, strategically situated just two minutes away from Humber College. Its prime location makes it a highly desirable investment for those seeking strong returns and stable demand. The property offers versatility in management, as it can be operated either as a traditional rental or as an Airbnb business. This flexibility provides potential owners with the opportunity to choose the model that best suits their investment strategy and market conditions.
About the Property
This very profitable legal apartment building comprises ten well-maintained units, strategically situated just two minutes away from Humber College. Its prime location makes it a highly desirable investment for those seeking strong returns and stable demand. The property offers versatility in management, as it can be operated either as a traditional rental or as an Airbnb business. This flexibility provides potential owners with the opportunity to choose the model that best suits their investment strategy and market conditions.
The current tenant base is primarily composed of Humber College students. This revolving tenancy ensures a steady influx of occupants, contributing to the building's consistent profitability year after year. Significant renovations were completed in 2017 and 2019, resulting in the building being in excellent condition. These upgrades have enhanced the property's appeal and ensured that all units meet modern standards.
Features
Property Details
MLS#:
W12803806
Status:
For Sale
Property Type:
Multiplex
Central A/C:
No
Bedrooms:
16
Heating Fuel:
Water
Bathrooms:
11
Heating Type:
Water
Parking:
2 Spots
Cross Street:
Lake Shore Blvd W & Kipling Avenue
Basement:
Apartment
The current tenant base is primarily composed of Humber College students. This revolving tenancy ensures a steady influx of occupants, contributing to the building's consistent profitability year after year. Significant renovations were completed in 2017 and 2019, resulting in the building being in excellent condition. These upgrades have enhanced the property's appeal and ensured that all units meet modern standards.
Features
Property Details
MLS#:
W12803806
Status:
For Sale
Property Type:
Multiplex
Central A/C:
No
Bedrooms:
16
Heating Fuel:
Water
Bathrooms:
11
Heating Type:
Water
Parking:
2 Spots
Cross Street:
Lake Shore Blvd W & Kipling Avenue
Basement:
Apartment
Maintenance:
Exterior:
Brick Veneer
Possession Date:
Presented By:
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Maintenance:
Exterior:
Brick Veneer
Possession Date:
Presented By:
ROYAL LEPAGE REAL ESTATE SERVICES LTD.