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156 Barrington Ave

12 Unit Apartment Building $3,728,174 USD ($310,681 USD/Unit) 5.80% Cap Rate Toronto, ON M4C 4Z2

Apartment Buildings Ontario Toronto 156 Barrington Ave, Toronto, ON M4C 4Z2

Investment Highlights

  • This three storey walk-up features intercom access, coin-operated laundry, and 8 rentable parking spaces to maximize income potential.
  • The property is ideally situated for commuters, providing easy access to downtown Toronto.

Executive Summary

This exclusive 12-unit apartment building in Toronto's East End offers a high-yield investment with a 2023 net operating income of $313,042 and a 5.8% cap rate. With 1 bachelor unit and 11 two-bedroom units, this 3-storey walk-up features intercom access, coin-operated laundry, and 8 rentable parking spaces, all designed to maximize income potential. Strategically upgraded, the property includes renovated kitchens, bathrooms, fresh paint, modern flooring, and 100-amp panels in each unit. A new boiler (2021) and 13 hydro meters add efficiency, making it an attractive choice for tenants and owners. Located near Danforth Village, Main Street Subway, and Danforth GO, the building is ideally situated for commuters, providing easy access to downtown Toronto and nearby amenities like parks, schools, and Greektowns vibrant community. High demand and rising rental rates make this area highly sought-after with low vacancy rates. With limited new construction, this property stands out as a turnkey investment with strong cash flow in a growing market.

Property Facts

Price $3,728,174 USD Property Subtype Apartment
Price Per Unit $310,681 USD Apartment Style Low Rise
Sale Type Investment Building Class C
Cap Rate 5.80% Building Size 11,286 SF
No. Units 12 No. Stories 3
Property Type Multifamily Year Built 1957
Price $3,728,174 USD
Price Per Unit $310,681 USD
Sale Type Investment
Cap Rate 5.80%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Building Size 11,286 SF
No. Stories 3
Year Built 1957
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Walk Score®
Very Walkable (86)
Transit Score®
Excellent Transit (86)
Bike Score®
Biker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

zoning

Zoning Code RD (Residential Detached Zone)
RD (Residential Detached Zone)
(905) 290-6777

Contact

  • Listing ID: 33336735

  • Date on Market: 9/27/2024

  • Last Updated:

  • Address: 156 Barrington Ave, Toronto, ON M4C 4Z2

The East Toronto Multifamily Property at 156 Barrington Ave, Toronto, ON M4C 4Z2 is currently available. Contact Re/max Gold Realty Inc., Brokerage for more information.

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156 Barrington Ave
(905) 290-6777 x

156 Barrington Ave

Addy Saeed

(905) 290-6777

(905) 290-6777

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