Chic, modern, and ready to offer an ongoing return on investment, a brand-new legal triplex has hit the market in Etobicoke.
Located just north of the 401, 15 Burrard Road comes complete with three self-contained units, each boasting two beds, two baths, and its own private entrance.
The suites are stunners -- minimalistic and modern finishes amplify the sense of spaciousness within each one, as does the sunlight that pours through large windows on every floor.
With separate utilities, including in-unit laundry and on-site parking, the classic tenant checkboxes are all marked here.
And that's without mentioning the benefits of the home's location; tucked into a quiet residential street, the neighbourhood's energy is calm and quiet. But, the address boasts the convenience of a SmartCentres plaza literal steps away. Grocery shops, banks, and restaurants couldn't be more easily accessible, without any need to start the car or jump onto transit.
Along Kipling, which sits just a short jaunt down the boulevard, another long list of shops and eateries awaits. Meanwhile, Humber College can be reached in less than 15 minutes by car, and the TTC can have you into the heart of Toronto for a game or a concert in less than an hour. Finally, further pastures can be reached easily, thanks to close proximity to Highway 401.
- Address:15 Burrard Road
- Beds: 6
- Baths: 6
- Price: $2,079,900
- Listed by:Kevin Sharpe, RE/MAX Hallmark Realty Ltd., Brokerage
Throughout the home are a total of six beds and six baths -- two of each unit. The units also boast full-size stainless steel appliances and separate laundry.
Our Favourite Thing
For someone seeking an investment property, there's little more convenient than discovering a home that's got all the bases covered -- and this listing does just that. With each legal unit newly-finished, self-contained, and ultra-modern, all this sophisticated buyer needs to do is sign on the dotted line.
As it stands, the property generates $92,700 in income annually, boasting a 4.2% capitalization rate. Each unit's rent can be reset on a yearly basis to ensure increasing returns going forward. The property even comes with a builder’s home warranty.
Indeed, this home checks a tenant's boxes -- but it hits the major marks for investors, too.
WELCOME TO 15 BURRARD ROAD
ABOVE-GRADE LIVING SPACES
BEDS AND BATHS
BELOW-GRADE LIVING SPACE
BED AND BATH
This article was produced in partnership with STOREYS Custom Studio.