Giant condo complexes are a dime a dozen in Toronto but boutique apartment buildings that don't need to be completely gutted are a rare find.
The building foyer.
1-9 Humewood Drive is about as rare as they come. It's a legal and fire code compliant purpose-built six-unit apartment building in a prime location.
One of the living rooms of a unit.
Listed for $4,985,000, the building boasts six two-bedroom apartments, that are around 1,200-square-feet.
A little nook between the living and dining room in one of the apartments.
They were all completely renovated between 2019 and 2021.
The fireplaces aren't Wett certified.
So while the units still have some of the original building's charm, like the fireplaces, they also have new kitchens and bathrooms, adding that modern touch.
Outdoor space around the main floor units.
The main floor units also come with private yard space which is always nice.
One of the newly renovated bathrooms.
And the interiors weren't the only thing that was renovated. The building also has a newly updated roof, windows and sprinkler system.
One of the bedrooms in one of the apartments.
The only draw back is the building only has three parking spots but the building is located just steps from St. Clair so transit isn't really an issue.
An empty unit.
But the best thing about this place is that this building is completely untenanted.
The kitchen's have a gas stove, fridge, dishwasher and rangehood or microwave.
So if you're going to become a landlord you now have complete control over who rents in the building.
The dining room in one of the apartments.
The listing suggests that the building could make around $221,000 a year in rental income.
The primary bedroom in one of the units.
But another option could be if you and all your friends chip in to purchase the building and create an inner-city commune of sorts. Minus the cult-vibes of course.
An aerial shot of the apartment building.
Either way, as listing agent Jose Periera says in the listing, this is a "once in a lifetime opportunity!"
0 comments:
Post a Comment