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$ 3,650,000
Est. payment /mo
New
179 St Clair AVE E Toronto C09, ON M4T 1N9
16 Beds
12 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Rosedale-Moore Park
MLS Listing ID C12359760
Style 2-Storey
Bedrooms 16
Annual Tax Amount $18,905
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Exceptional investment opportunity in the heart of Moore Park, steps to Yonge & St. Clair. This purpose-built multi-residential property offers a true 5.86% cap rate at full occupancy. Featuring 8 suites, with 2 vacant units ready for new tenants, and one gutted suite primed for renovation. All other suites have been thoughtfully updated between turnovers, including new bathrooms, kitchens, stainless steel appliances, and ensuite laundry for all suites. Above grade suites (4) each feature 2+1 bedrooms, 1+2 bathrooms, ductless AC units, wood-burning fireplaces, tasteful renovations. Radiant heating throughout. The property includes a detached 4-car garage (brick structure, concrete foundation) with potential for tandem parking, allowing up to 10 vehicles. Generous layouts with approx. 5,340 sqft above grade and additional sq footage in the 4 lower-level suites. All suites pay own hydro separately metered. Entire building underwent a major renovation in 2017 with new kitchens, baths, plumbing, electrical, roof, eavestroughs, and boiler. An unbeatable location with easy walkability to transit, shops, schools, and library. Strong upside with vacant units ready to be leased. A rare, turnkey opportunity in one of Toronto's most desirable neighbourhoods.
Location
Province ON
County Toronto
Community Rosedale-Moore Park
Area Toronto
Rooms
Family Room Yes
Basement Apartment
Kitchen 8
Separate Den/Office 5
Interior
Interior Features Separate Heating Controls
Cooling Window Unit(s)
Fireplaces Type Wood
Fireplace Yes
Heat Source Gas
Exterior
Exterior Feature Porch
Parking Features Private
Garage Spaces 4.0
Pool None
Roof Type Shingles
Lot Frontage 50.0
Lot Depth 143.9
Total Parking Spaces 10
Building
Foundation Concrete
Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY