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121 Madison Avenue | Central Toronto - The Annex

Property Details

  • Price: $1,495,000
  • Taxes 2011: $9,499.20
  • Approximate Utility Costs:
    Hydro: $2,833.90 (2010)
    Gas: $3,395.64 (2010)
    Water: $2,203.81 (2010)
    Insurance: $2,200.00 (2010)
  • Legal Status: licensed rooming house
  • Kitchens: 11
  • Bedrooms: 11
  • Washrooms: 11
  • Building Amenities: coin operated washer & dryer
  • Heating: gas, hot water
  • Air Conditioning: no. 3 window air conditioners, 2 portable air conditioners
  • Drive: private
  • Parking: 1 space
  • Lot Size: 28.25' x 126'
  • Inclusions: 11 refrigerators, 11 microwave/convection ovens, electric light fixtures & window coverings belonging to vendor, 3 window air conditioners, 2 portable air conditioners, coin laundry in basement (1 washer & 1 dryer), circuit breakers
  • Possession: 30-60 days or to be arranged

Spectacular Annex opportunity on prestigious Madison Avenue! This stately Victorian semi detached home is a fully licensed 11 unit rooming house with a gross annual income of approximately $100,000.

Walking distance to Bloor Street, University of Toronto, subway, the Annex and Yorkville.

Property is turn-key and almost never vacant. Start earning income immediately or renovate for your own use and live rent/mortgage free or convert to single family home.

Private drive, finished basement, many updates.

Offered at $1,495,000.

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