1 Bedroom
1 Bathroom
500 - 599 sqft
Central Air Conditioning
Forced Air, Not Known
$385,000Maintenance, Insurance, Water, Common Area Maintenance
$343 Monthly
Turnkey, self-sustaining investment opportunity in downtown Toronto, generating approximately break-even to slightly positive cash flow at current rent of $1,900-$1,950/month, with tenant responsible for heat and hydro. Estimated cap rate of ~4.2%(above average for comparable downtown condo investments) combined with low monthly maintenance fees of $343 makes this an efficient, low-maintenance asset with minimal out-of-pocket exposure. Tenant-paid utilities further enhance netoperating efficiency. Located in a proven high-demand rental pocket, units in this building rent quickly when available-helping minimize vacancy risk and support consistent occupancy. Ideal for investors seeking a stable hold with limited ongoing management and reducedexposure to unexpected costs. Fully renovated in 2023, the suite features new luxury vinyl flooring throughout, an updated kitchen with new countertops,backsplash, stainless steel appliances, and lighting, along with a modernized bathroom with new ceramics, vanity, and hardware. Full soundproofing throughout the entire unit, including ceiling replacement, provides exceptional privacy and durability- an uncommon feature that can help reduce tenant turnover. Situated in Windsor Lofts, an intimate 5-storey boutique building with only 30 units and limited turnover. Steps to transit, universities, hospitals, and the downtown core. Walk Score 95, Transit Score 92, Bike Score 98. A compelling opportunity to secure a low-entry, income-producing asset in one of Toronto's strongest rental corridors- also well-suited for end users seeking a fully renovated, low-maintenance downtown suite. (id:62616)
Property Details
|
MLS® Number
|
C13027858 |
|
Property Type
|
Single Family |
|
Community Name
|
Church-Yonge Corridor |
|
Amenities Near By
|
Hospital, Park, Place Of Worship, Public Transit |
|
Community Features
|
Pets Allowed With Restrictions, Community Centre |
|
Equipment Type
|
Water Heater |
|
Rental Equipment Type
|
Water Heater |
Building
|
Bathroom Total
|
1 |
|
Bedrooms Above Ground
|
1 |
|
Bedrooms Total
|
1 |
|
Age
|
16 To 30 Years |
|
Amenities
|
Separate Electricity Meters, Storage - Locker |
|
Appliances
|
Dishwasher, Dryer, Microwave, Hood Fan, Stove, Washer, Window Coverings, Refrigerator |
|
Basement Type
|
None |
|
Cooling Type
|
Central Air Conditioning |
|
Exterior Finish
|
Brick |
|
Fire Protection
|
Security System |
|
Flooring Type
|
Vinyl |
|
Heating Fuel
|
Natural Gas, Other |
|
Heating Type
|
Forced Air, Not Known |
|
Size Interior
|
500 - 599 Sqft |
|
Type
|
Apartment |
Parking
Land
|
Acreage
|
No |
|
Land Amenities
|
Hospital, Park, Place Of Worship, Public Transit |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Main Level |
Foyer |
2.2 m |
2.3 m |
2.2 m x 2.3 m |
|
Main Level |
Living Room |
4.6 m |
3.1 m |
4.6 m x 3.1 m |
|
Main Level |
Dining Room |
4.6 m |
3.1 m |
4.6 m x 3.1 m |
|
Main Level |
Kitchen |
3.5 m |
2.4 m |
3.5 m x 2.4 m |
|
Main Level |
Primary Bedroom |
3.4 m |
2.3 m |
3.4 m x 2.3 m |
|
Main Level |
Bathroom |
2.4 m |
1.5 m |
2.4 m x 1.5 m |
https://www.realtor.ca/real-estate/29638071/105-412-jarvis-street-toronto-church-yonge-corridor-church-yonge-corridor