31 LONG BRANCH AVENUE, Toronto (Long Branch)

About this property

Turn-Key Multi-Family asset in the Heart of Long Branch, Toronto's highly coveted "Village by the Lake", South Etobicoke's fastest appreciating pockets! Semi-detached Triplex on a premium 25 x 146.5 ft deep lot generating $6,300/mo Gross Income with a solid $59,228 annual NOI. Expenses average $1,365/mo including property tax, all utilities, insurance, and internet/cable. This low-maintenance income property features three bright and spacious self-contained units, two 2-bedroom units and one 1-bedroom unit, with parking at rear. Meticulously maintained with over $156k in capital improvements over the past 8 years, makes this an incredibly rare, worry-free addition to any portfolio. Main Floor and Basement units were completely renovated (2021). Brand new foundation waterproofing, weeping tiles, and sump pump system installed with transferable peace-of-mind ($20k, 2026). Upgraded mechanics include a tankless water heater (2024), high-efficiency boiler (2019), newer windows. Rear yard new asphalt parking area (2018) and a large 8' x 10' storage shed (2022). Ideal lakeside location just steps to Lake Shore Boulevard shops, cafes, restaurants, Marie Curtis Park, sandy beach, picnic area, connections to the Waterfront Trail and Etobicoke Creek Trail. Unbeatable tenant transit access, walk to Long Branch GO Station and TTC Streetcar loop, bus routes, offering quick commute downtown. Stable cash flow, premium finishes, and major capital expenditures already paid for! (id:66939)