56-58 Lawrence Ave E
Lawrence Park North, North York, M4N 1S3
FOR SALE
$2,495,000
Sold
$2,400,000

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8
BEDROOMS6
BATHROOMS4
KITCHENS20
ROOMSC4344464
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2019-01-24 | 2019-02-16 | 23 | $2,495,000 | $2,400,000 | Sold |
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Property Description
Prime North Toronto Four Plex. Corner Of Lawrence Avenue East And Cardinal Place. 56 Main/56 Upper/2Cardinal Place/58 Upper. Private Entrances To All Four Apartments. Large And Charming 2 Bedroom Suites With High Ceilings. Hardwood Floors And Fireplaces In All Apartments. 58 Lawrence Upper Will Be Vacant. Main Floor Suites Connected To Basement And Have 2 Washrooms.
Extras
4 Fridges, 4 Stoves, Coin Operated Washer And Dryer. Upper Suites 1440 Square Feet. Main -Basement Suite 1955 Square Feet.
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Property Details
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Property Type
Detached, 2-Storey
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Great opportunity to live and rent or just as a total investment property in Leslieveille. Top floor is a 3-bedroom unit. Second floor is a 3-bedroom unit with possible alterations. Main floor is a 2-bedroom unit. And the lower unit is a 1-bedroom unit with possibilities to change to a 2-bedroom unit. Total renovation completed in 2023. Close to 4,500 sq ft of living space. Modern decor and clean lines. 9-foot ceilings in basement, main, second, and 8-foot ceilings on the third floor. Lots of storage space. Good Cap rates for a Toronto investment property and the possibility to increase with minimal alterations to close to 5.0%. Current gross rents are $118,800 (including utilities) with the possibility of increasing to $140,400 plus utilities. See floor plans for configuration and measurements. 4 car lane parking. Shed for storage in the back. Qualified to add a laneway suite in the back to live/rent/sell. Great neighbourhood with a very good Walk Score.
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