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Key Facts
Key facts for 344 TWEEDSMUIR Avenue
Property Type
Lots/Land, Unknown
Parking
Unknown , 0 parking
MLS #
X9515279
Size
-
Basement
Unknown
Listed on
2024-03-25
Lot size
52 x 107.0
Tax
$7,834 /yr
Days on Market
524
Approximate Age
-
Maintenance Fee
-
Description
Seize this rare opportunity to build a lucrative investment property in the heart of Westboro. Whether you choose to proceed w/ the approved 6-unit building or explore the potential for up to 12 units in it's R4UB zoning, this property offers unparalleled possibilities. The approved architectural pl...ans include 9' ceilings, large sunlit windows, an elevator for convenience, a rooftop space for relaxation, dedicated parking, and a bike/garbage shed in the back. Unit Breakdown: Two luxurious 3-bedroom + den, 2.5-bath units w/ in-unit storage (each 1850 sqft) ideal to live in; One 2-bedroom unit; One 1-bedroom + den unit & Two 1-bedroom units. W/ a strategic unit mix, the projected annual rental income is an impressive $256,800. After a 20% projected expense of $38,520, the expected net NOI is $218,280, reflecting a solid 5.5% cap rate w/ potential for growth. It provides immediate income while you plan for the future. Act today to secure your chance at this prime Westboro investment.
