38 Victoria Street Asphodel-Norwood (Norwood), Ontario K0L 2V0
$1,299,000
This well-maintained 6-unit multiplex building in Norwood presents a high-potential, income-generating investment opportunity. Conveniently located near amenities, schools, and public transportation, the property features a desirable unit mix of four 2-bedroom apartments and two 1-bedroom apartments, all of which are currently rented. Tenants are responsible for their own electric heating, keeping utility expenses low for the owner. The building offers practical amenities, including in-building laundry, four lockers designated for the 2-bedroom units, and in-unit storage for one of the 1-bedroom units. With surface parking available, tenants benefit from 12 dedicated parking spots. Additionally, the property holds strong investment potential, with a preliminary plan in place for possibility of constructing another residential building that would mirror the existing structure. Buyer and buyer's agent to do their own due diligence .Situated in a developing neighborhood, this property offers long-term growth and appreciation potential, further enhancing its value as a strategic real estate investment. (id:49269)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X11993746 |
| Property Type | Multi-family |
| Community Name | Norwood |
Building
| HeatingFuel | Electric |
| HeatingType | Forced Air |
| SizeInterior | 1 Ac |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeFrontage | 100 Ft |
| SizeIrregular | 100 Ft ; 268.96 Ft X 101.60 Ft X 155.94 Ft X |
| SizeTotalText | 100 Ft ; 268.96 Ft X 101.60 Ft X 155.94 Ft X |
| ZoningDescription | R3 |
https://www.realtor.ca/real-estate/27965349/38-victoria-street-asphodel-norwood-norwood-norwood
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March 23 2025 06:09:19
Toronto Real Estate Board
Century 21 Innovative Realty Inc.