122 Parkmount Rd , Toronto
Live in one unit and rent the other two! Welcome to this stunning property nestled on a tranquil, tree-lined residential street, perfectly positioned between Danforth and Monarch Park. This impeccably crafted 3-unit home offers a gross rent of $7450/month, presenting a lucrative income stream for savvy investors or end-users who wish to live in one of the units and rent out the others. Fully renovated in 2017 with over $400K in renovations, each unit features separate entrances, ensuite laundry, and their own heating and cooling systems. With a projected CAP rate of 5.87% and positive cash flow, this property represents a rare find in Toronto's competitive real estate market. The main floor unit and basement unit are currently vacant, offering flexibility for new owners to either move in or rent out at market rates. The second-floor unit boasts vaulted ceilings in the bedroom and bathroom, adding a touch of grandeur, while both the second-floor and main floor units feature inviting decks, perfect for relaxing or entertaining. Whether you're seeking a turnkey investment property or a stunning residence with income potential, this opportunity offers the best of both worlds.
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Enjoy easy access to amenities & transportation options. The proximity to Coxwell Station makes commuting a breeze, with a mere 9-min walk. 1 designated parking spot at the rear of the property.
122 Parkmount Rd, Toronto, Ontario M4J 4V4
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Disclaimer: The property is not necessarily in the boundary of the schools shown above. This map indicates the closest primary and secondary schools that have been rated by the Fraser Institute. There may be other, closer schools available that are not rated by the Fraser Institute, or the property can be in the boundary of farther schools that are not shown on this map. This tool is designed to provide the viewer an overview of the ratings of nearby public schools, and does not suggest association to school boundaries. To view all schools and boundaries please visit the respective district school board’s website.
Based on last 30 days transactions for Semi Detached Properties in the Greenwood-Coxwell community.
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122 Parkmount Rd is a Residential Property located in the city of Toronto. 122 Parkmount Rd has been listed For Sale at $1,390,000 since May 02 2024. This 2-Storey house has 4+ 1 bedrooms, 3 bathrooms and is 1100-1500 sqft. Situated in Greenwood-Coxwell neighbourhood , with the nearest intersection being Danforth & Coxwell.
Listing Brokerage: RE/MAX ULTIMATE REALTY INC.