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Listed by Re/Max Realty Specialists Inc..
1640 Dufferin Street is a Detached, 3-Storey and is currently for Sale @ $1,999,999. Taxes in 2024 were $4,442.00.
More homes for sale under 2M in Toronto
Prime Investment Opportunity! Fully renovated 5-unit building. The 3-Storey on 1640 Dufferin Street has 6 bedrooms, 8 bathrooms, and is located on a 120 x 25 ft lot in the community of Corso Italia-Davenport . This rare offering presents a completely remodelled five-unit property, ideally positioned for investors seeking strong cash flow and long-term value. This property is a lucrative addition to any portfolio with a $152,400 gross rental income and an approximate 5% cap rate. The building features five units, including three spacious 2-bed, two-bath units (above ground), plus one 1-bed, one-bath unit, and one bachelor apartment on the lower level. Each unit has been extensively renovated with modern, high-end finishes, including five brand-new kitchens, eight updated bathrooms featuring sleek glass showers, New walls, insulation, and energy-efficient pot lights, updated electrical and plumbing systems, a new roof, and underpinning that provides an 8-foot ceiling in the basement for added appeal. Additional features include four separate hot water tanks, four furnaces, and four AC units. Located just steps from the bustling St. Clair Ave, this property is surrounded by an array of trendy restaurants, boutique shops, and coffee spots. With its turnkey condition, strong rental income potential, and prime location, this property offers an exceptional opportunity for a hands-off investor or owner-operator.
5 Fridges, 5 Stoves,3 Dishwasher, 5 Washers and dryers, 5 hood fans, 4 furnaces, 4 A/C units
The address 1640 Dufferin Street was listed for sale (MLS# W12272972) on Wednesday, July 09, 2025.