49 Morningside Avenue Toronto, Ontario
PROPERTY INFO
Stunning legal triplex in sought-after High Park Swansea! Featuring 4+2 bedrooms, 6 bathrooms, custom quartz kitchens, hardwood floors, and stainless steel appliances. Ideal for large families, multi-gen living, or investors. Upper unit is currently leased for $3,500/month, the main floor unit is leased for $3,000/month and basement is rented for $1890/month covering the majority of your mortgage. Total monthly rent $8390/month with a yearly income of $100,680 with a 4.31 cap rate. Easily used as a single-family home or live in one unit and rent the others once when any tenant vacates in the future. The fully finished above ground lower level includes a separate entrance, kitchen, 2 bedrooms, and a full bath perfect as an in-law suite or rental. Rare income property in a high-demand, low-supply pocket near Rennie Park. All units are separately metered for gas and hydro, water split at 33% per unit. (id:4555)
PROPERTY SPECS
Price $1,899,900
City Toronto, Ontario
Bed / Bath 6 / 6 Full
Address 49 Morningside Avenue
Listing ID W12789868
Style Triplex
Type Multi-Family
Status For Sale
EXTENDED FEATURES
Ownership
Freehold Basement
Finished, N/A Heating / Cooling
Forced air, Natural gas Sewer
Sanitary sewer
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