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Douglas and Trevor Freeman
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See more pictures in the Photo Gallery
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Priced at $1,269,000
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Bedrooms
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6
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Bathrooms
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6
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County
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Toronto
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Property Type
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Income
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Property Description
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Welcome to 159 Madison Ave.
This absolutely stunning semi detached Victorian boasts 5 units all filled with a wonderful blend of classic original character and modern conveniences. Original features include pine floors, oak wainscoting, stained glass, crown moldings and soaring high ceilings throughout.
The sun filled main floor unit offers one bedroom and is finished with gleaming hardwood floors, original stained glass and a modern eat in kitchen with walk out to a backyard deck. The unit also features a large living room with a fireplace and a spacious master bedroom with a 4pc ensuite as well as ensuite laundry. A convenient 2pc powder room off the foyer along with an additional office completes this lovely unit. This unit is currently rented for $2,050 a month
Moving up stairs, the second floor offers two separate units. The first is a beautiful one bedroom apartment with an open concept kitchen living and dining room. The unit features hardwood floors, plenty of windows and an over sized 4 pc bathroom. The unit also features convenient enusite laundry and is currently rented for $1,500 a month
Across the hall is lovely and spacious bachelor apartment complete with a large kitchen and modern 3 pc washroom. The unit is finished with beautiful hardwood floors and a built in wall unit with a Murphy bed to easily convert the space from a bedroom to a large living room. Large windows allow the natural sunlight to fill the space and the high ceilings make the unit feel much larger. This unit currently rented for $1,050 a month.
Continuing upstairs, the third floor features a stunning 2 bedroom unit. The space offers a large open concept kitchen and living room finished with hardwood floors and unique slanted ceilings. Both bedrooms are finished with broadloom and the larger of which has a walk out to a private deck. A stunning 4 pc bathroom and ensuite laundry completes this space. This unit is currently rented for $ 1,650 a month.
The final unit, a newly added two bedroom basement apartment ('07) was completely dug out and is finished with ceramic tile floors and broadloom in one of the two bedrooms. A large eat in kitchen finished with tile floors and ensuite laundry and a 4 pc bathroom complete this space.
This magnificent 3 Storey 5 plex comes completely furnished and includes three car parking with a gross income of $91,600 and a Net Income of $74,602. Located on one of the most desirable streets in the Annex!
An excellent opportunity to own a stunning Annex masterpiece
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Features List
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Gleaming Hardwood
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Original Pine Floors
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Oak Wainscoting
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Stanied Glass
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Crown Moldings
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Fireplace
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6 Bedrooms
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6 Bathrooms
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Multiple Balconies
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High Ceilings
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New Dug Out Bsmt Apt
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3 Car Parking
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Two 2 Bedroom Units
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Two 1 Bedroom Units
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One Bachelor Unit
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Fully Furnished
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Fully Rented
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Excellent Location
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Modern Mechanicals
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$ 74,602 Net Income
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5.88% Cap Rate
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