$1,100,000
$1,200,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
723 Dovercourt RD Toronto C01, ON M6H 2W7
4 Beds
2 Baths
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Semi-Detached
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Palmerston-Little Italy
MLS Listing ID C7386518
Sold Date 03/29/24
Style 3-Storey
Bedrooms 4
Annual Tax Amount $5,543
Tax Year 2023
Property Sub-Type Semi-Detached
Property Description
Fantastic opportunity to own a textbook example of a wonderful investment property to add to your long-term growth portfolio. This 3-storey semi-detached home with a 130ft+ deep lot is perfectly nestled steps away from the corner of rapidly gentrifying Dovercourt & Bloor. Within arm's reach from a beautifully boutique grocery and coffee shop, minutes from Ossington Station and steps to some of the city's best shops and restaurants. Potential for so much creativity- the main floor and basement as commercial space with a 3-bedroom apartment on the top two floors? Multi-unit residential? Assembly? Use your creativity and imagination! With its substantial lot depth, there's the opportunity to construct a 2-storey 800 sqft+ 2 bedroom laneway house for additional rental income which will push the potential cap rates well into the 7-10% range & subsequently increase the overall value of the property. The laneway house analysis & report were professionally completed by Laneway Housing Advisors
Location
Province ON
County Toronto
Community Palmerston-Little Italy
Area Toronto
Rooms
Family Room No
Basement Partially Finished, Full
Kitchen 1
Interior
Cooling Central Air
Exterior
Parking Features Lane
Pool None
Lot Frontage 12.0
Lot Depth 132.0
Total Parking Spaces 1
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