Rental For Sale:
463 St Clarens Ave
Rental Income Investment Property
$ 2,299,000
UNASSUMING QUADPLEX @ BLOORDALE VILLAGE
A Multiplex Rental For Sale. This Rental Investment Property For Sale in Bloordale Village, Toronto and has great Rental Income + Cash flow + Huge Potential
Easily overlooked from the street, this rental investment property is an impressive 3000 square feet of rentable space with the potential to add a laneway house* or add another floor*. The property is split into four units and situated at an extremely convenient location just steps away from Bloordale Village. The abundance of shops and cafes, convenient transportation access make this property results in high tenancy demand. As of 2017, this multi residential was renovated throughout.
* subject to City Building Permit Approval
Video Tours
Looking for a chic and convenient space that offers the ultimate in city living? Your search ends here with this functional 1 bedroom ground floor apartment in the highly sought-after Lansdowne and Bloor area of Toronto. This remarkable property is perfect for those who seek the ideal combination of style and convenience, without fight for elbow space in an elevator.
As you step inside, you’ll be greeted by a space that is both practical and inviting. The open-concept living / dining area is perfect for entertaining guests or simply relaxing with a good book. And the bedroom offers a comfortable retreat where you can rest and recharge. While the kitchen may not be a chef’s paradise, it is still a highly functional and practical space that is well-equipped for occasional cooking. Modern appliances and high-quality finishes make meal preparation a breeze when you need to.
But what truly sets this apartment apart is its unbeatable location. Nestled in the heart of the city, you’ll enjoy easy access to some of Toronto’s niche restaurants, cafes, and shops. With the subway station located just a few steps away, you can effortlessly explore all that this vibrant metropolis has to offer.
This is your chance to own this chic 1 bedroom ground floor apartment and the other 3 units of this residential quadplex Rental For Sale, in one of Toronto’s most sought-after neighbourhoods. Don’t wait to experience the ultimate in urban living – contact us today to arrange a viewing!
Are you tired of living in a rental unit where you can hear every footstep of the people living above you? Do you long for a peaceful and quiet living space in downtown Toronto? Look no further than our stunning spacious and quiet 3 bedroom second floor rental unit in the heart of downtown Toronto. This is the perfect second-floor unit for families who value space, comfort, and convenience.
Unlike those cramped condo rental units, this spacious and modern unit is located on the second floor of a detached house, which means you won’t have any noisy neighbors above you or beside you. Enjoy a quiet and serene living space where you can relax and unwind after a long day, without being disturbed by loud footsteps or other unwanted noise. With ample room for a family, this unit features three large bedrooms, a functionally-equipped kitchen, a cozy living room, and a dining room.
You’ll love the durable vinyl plank distressed wood design floors, high ceilings, and large windows that flood the space with natural light. There are front and rear entrances to the unit for both convenience and safety. Two separate 3 piece washrooms for morning and evening routines.
This unique feature not only provides you with the comfort and privacy you crave but also offers an excellent investment opportunity for those looking to own a multi-unit rental property. With this prime downtown location and peaceful living space, this property is sure to attract high-quality tenants and generate a steady stream of rental income. If you’re looking to own a rental property in downtown Toronto, this is your chance.
Located in a prime location, you’ll be just steps away from some of the city’s best restaurants, shops, and attractions. With easy access to public transportation, you’ll never be far from where you need to be.
So why settle for a noisy and cramped living space when you can have the best of both worlds? Contact us today to schedule a viewing of this beautiful 3 bedroom second floor rental unit and experience the benefits of living without neighbors above you!
Introducing the perfect urban retreat for the modern couple or single: our bright 1 bedroom apartment with a combined kitchen, living, and dining space.
With a focus on minimalist living, this apartment is designed to provide a sleek and stylish lifestyle in the heart of the city. Whether you’re a busy professional or a young couple looking to experience the vibrant downtown scene, this apartment is the perfect choice.
Featuring a spacious and open layout, this apartment is ideal for those who love to snuggle up after a night out and cook the occasional meal. The combined kitchen, living, and dining space allows for seamless transitions between meal preparation, relaxation, and socializing, making it perfect for hosting intimate gatherings with friends and family.
But the real highlight of this apartment is its location. Situated in the heart of downtown, you’ll be just steps away from the city’s best niche restaurants, bars, and cultural attractions. Whether you’re looking to explore the latest art exhibit, catch a show, or simply enjoy a night out on the town, you’ll never be far from the action.
So if you’re looking for a sleek and stylish apartment that combines minimalist living with a vibrant urban lifestyle, look no further than our 1 bedroom apartment with a combined kitchen, living, and dining space. Schedule a tour today and experience downtown living at its finest!
Basement
3 Bed + 2 Bath
Our 3 bedroom 2 bathroom basement unit is perfect for young professionals, young couples, and young families searching for the perfect neighbourhood to call home!
Our spacious and luxurious 3 bedroom apartment in Bloordale boasts a modern design and features a master bedroom with a 3-piece ensuite, with two additional spacious bedrooms that share a separate 3-piece washroom. This apartment is perfect for young professionals living together, young couples, or young families who are looking for a comfortable living space with room to spread out. You’ll love spending time outdoors in one of the many parks, or taking a stroll down the bustling main street filled with trendy shops and restaurants.
For young families, our neighbourhood is home to some of the best schools in the city, making it the perfect place to give your children a top-notch education. And with convenient access to public transit, you can easily get to work or school without the hassle of driving.
Come see for yourself why so many families have made Bloordale their home, and join our vibrant community today in our spacious 3 bedroom apartment with a master bedroom featuring a 3-piece ensuite.
Laneway House Potential
Laneway housing is a type of housing that involves building small, detached homes on the back of existing residential lots, typically facing onto a back lane. These homes are often small in size, ranging from around 500 to 1,000 square feet, and are designed to be affordable and efficient.
In Toronto, the city government introduced new regulations in 2018 that allowed for the construction of laneway housing. This has led to a significant increase in the number of these homes being built in the city. Proponents of laneway housing argue that it can help address Toronto’s affordable housing crisis by providing additional rental units in existing neighbourhoods, and for the property owner it would also increase rental income.
Laneway housing has also had other impacts on the city of Toronto. For example, it has led to a renewed interest in laneways as public spaces, with some residents working to beautify and activate these areas. In addition, it has encouraged a more diverse range of housing types in the city, potentially leading to more diverse communities.
As a relatively new form of housing that has become increasingly popular in urban areas in recent years. It refers to small, detached residential units that are built on the same lot as an existing house, but facing onto a rear laneway rather than the street.
There are many positives associated with laneway housing, which make it an attractive option for both homeowners and renters:
Increased Housing Supply: Laneway housing can provide additional housing options in areas where housing supply is limited. This is particularly important in cities where housing costs are high, and where affordable housing is in short supply.
Increased Density: Laneway housing can help to densify neighborhoods, which can make better use of urban space and support more sustainable urban development.
Affordable Housing: Laneway housing can provide affordable housing options for individuals and families who may not be able to afford traditional housing options. This can be particularly important for young people, students, and low-income earners.
Sustainability: Laneway housing can promote sustainability by using existing infrastructure and reducing the need for new development. It can also provide an opportunity to incorporate energy-efficient technologies and sustainable building practices.
Community Building: Laneway housing can help to build stronger, more connected communities. By providing additional housing options, it can support a more diverse population and promote social interaction among residents.
Overall, laneway housing has the potential to provide many benefits to both individuals and communities. While there may be some challenges associated with implementing laneway housing, the positive impacts can outweigh any potential negatives. Looking for a new way to add more housing options and increase density in urban areas? Look no further than laneway housing!
By incorporating energy-efficient technologies and sustainable building practices, laneway housing promotes a greener, more sustainable future. Plus, with the potential to build stronger, more connected communities, laneway housing is a win-win for everyone involved.
So, whether you’re a homeowner looking for additional rental income or a renter in search of affordable housing, laneway housing is the perfect solution. Don’t miss out on this exciting new way to revolutionize urban living.
We are excited to offer you the opportunity to view the Rental For Sale and see its potential firsthand. We would be delighted to arrange a showing at your convenience. Our team is available to answer any questions you may have and provide you with a comprehensive tour of the property.
Floor Plans
It’s one thing to draw some lines to partition a space, it’s another to make it functional and enjoyable. We carefully considered how the spaces in each unit would be used and be utilized to it’s fullest. This next step was instrumental in determining the course of the renovation. It is through this process that we determined how to maximize rental income for the investment property.
Financials
Rent Roll
The rent roll details the market rental income for each unit, it’s lease term, the start and end dates of contracts, and even annual increases.
| Unit | Type | Market Rent | Lease Term |
|---|---|---|---|
| 1 | 3BR+Kit+LR+DR | $4,000 | MTM |
| 2 | 1BR+Kit+LR | $2,000 | MTM |
| 3 | 1BR+Kit/LR | $1,600 | MTM |
| 4 | 3BR+2WR | $2,150 | MTM |
Plus the potential to add on another floor and/or a Laneway House for additional rental income.
Potential Income & Expenses
A rental income statement is a financial document that outlines the rental income and expenses of an investment property over a specific period. It is commonly used by investors to analyze the financial performance of a rental property and determine its profitability. By comparing the rental income to the expenses, investors can determine the net operating income (NOI) of the property, which is a key metric used to evaluate the property’s value.
The rental income statement can also be used to identify areas where expenses can be reduced and rental rates can be increased, which can improve the property’s profitability and potential for rental for sale in the future.
| Rental Income | Annual |
|---|---|
| Market Gross Rent | $ 116,832 |
| Operating Expenses (2022) | |
| Taxes | $ 5,476 |
| Waste & Water | $ 2,670 |
| Insurance | $ 5,960 |
| Gas | $ 2,735 |
| Hydro | $ 3,071 |
| Rental Boiler & Tank | $ 2,034 |
| Rogers Internet | $ 857 |
| Net Operating Income | $ 94,029 |
| Down Payment | 45% | 35% | 30% |
|---|---|---|---|
| Price | $2,299,000 | $2,299,000 | $2,299,000 |
| DP Amount | $1,034,550 | $804,650 | $689,700 |
| Mortgage Loan | $1,264,450 | $1,494,350 | $1,609,300 |
| Interest Rate | 6.45% | 6.45% | 6.45% |
| Amortization | 30 | 30 | 30 |
| Monthly Mortgage | $7,161 | $8,463 | $9,114 |
Heat Map Report
Looking to invest in a property? Don’t make a decision without all the information! Sign up for access to exclusive area heat maps, which give you a detailed look at the price growth rate and turnover rates in Dovercourt-Wallace Emerson-Junction area.
With our heat maps, you can quickly and easily analyze the investment property potential, giving you the confidence to make the right decision. Our reports are easy to read and packed with valuable data, helping you to stay ahead of the competition and make informed investment decisions.
So why wait?
Enter your mail and click download to get the heat map report today and start analyzing your next investment rental for sale in this area like a pro!
Summary
A Property’s Appreciation is composed Rate of Appreciation based on a comparison of comparable rental investment properties using the MLP Home Price Index for the area of Toronto W02 in the property category of 2 Storey Detached SF.
| Capital Appreciation of Neighbourhood | Rate |
|---|---|
| Average 3 year | 6.1% |
| Average 5 year | 26.0% |
Neighbourhood appreciation is calculated based on historical data on past sales. As with all investments, past data is not a predictor of future performance. Buyers should perform their due diligence prior to investing.
Capitalization Rate
Capitalization Rate (Cap Rate) is an estimation of an investor’s potential return on a rental investment expressed as a percentage. It is calculated by dividing the investment’s Net Operating Income by it’s (Market) Value. Through comparing like properties and areas, we can determine a Cap Rate that is generally accepted by the investment community as being the right Cap Rate to be used for Valuing similar properties.
463 St Clarens Ave using market net rental income of $94,029 divided by a value of $2,299,000, yields
4.09% Cap Rate.
Capitalization Rate Sensitivity (Market Rents)
| Cap (NOI / Price) | Valuation |
|---|---|
| 3.87% (Market Rents ) | $ 2,299,000 |
| Cap (NOI / Price) | Valuation |
|---|---|
| 3.87% (Market Rents ) | $ 2,299,000 |
| 3.70% * (Calculated Valuation) | $ 2,402,752 |
| 3.53% ** (Actual Rents) | $ 2,299,000 |
* Calculated from market rent of $88,902 divided by a Cap Rate of 3.70% yielding $2,402,752 value.
** Calculated from Actual Rent divided by a value of $2,299,000, yielding a 3.53% Cap Rate.
Property Details
Great Investment Opportunity
Welcome to 463 St Clarens is a Turnkey Investment Property. A QuadPlex (Four Units) Functional Rental Layout adjacent to a laneway with the potential to fit 4 car parking or a Laneway House. An absolute fantastic opportunity to take advantage of this Rental For Sale and own a great income property. Perfect for Investors and Owner Occupiers that love Urban Living along Bloordale Village.
Previously purchased back in 2017 from an Owner Occupied family that rented out the above ground units, creativity began to flow and ideas lit up as the excitement to remake the property began. The focus: Modernized Kitchens and Bathrooms mixed with existing 1920 Features to create a Balanced Eclectic feel. “We saw great opportunity for this house, it had a very unique layout that was full of potential. And there still is more potential.” says May. “Aside from making financial sense, it fit everything we were looking for.”
“The goal was to update each unit with New Kitchens and updated bathrooms. As we got deeper into the job, we realized the electrical was a concern; and that led to opening up more walls and the decision to upgrade the electrical service to 200 amp.” says Matt. “Next thing you know, we are replacing the outdated ceramic plumbing buried in the basement floor as well.
You just never know what you find when you start opening up walls.”
The end result was a rental investment property that was high in demand and easy to rent out. The Calcutta Design Palette was the inspiration and focal theme of whites and greys. All four units drew from the same palette for its simplicity, consistency and to streamline the renovation
Property Features
463 St Clarens is a stunning investment property features four separate units providing rental income, each with its own unique character and charm. The units have been well maintained with these features:
Rental Units
Select a unit below for a see the full description.
Location and Neighbourhood features
Properties listed in Dovercourt Wallace Emerson Junction are generally single family homes with 3 beds and 2 baths. Apartments rentals for sale make up less than one quarter of properties for sale in the district around 463 St Clarens Avenue.
Bloordale is a great neighborhood to explore if you’re looking for a lively and diverse community with plenty of attractions to discover. The Bloordale neighbourhood in Toronto has undergone significant positive changes due to gentrification in recent years. This gentrification has brought new businesses, investment, and development to the area, resulting in improved infrastructure and amenities.
Many of the older buildings in the neighbourhood have been renovated and repurposed, and there are now more restaurants, cafes, and retail shops than ever before. This has led to an increase in property values and has made the neighbourhood more attractive to young professionals and families. Today it is known for its diverse population, beautiful parks, and a wide range of restaurants and cafes.
Some of the popular things to do and see in Bloordale include:
Art and Culture: Bloordale is known for its vibrant arts scene, and there are many galleries, museums, and cultural institutions in the area. For example, the BAND Gallery showcases the work of contemporary artists, and the Museum of Contemporary Art Toronto is a must-visit for art lovers.
Food and Drink: Bloordale is home to many excellent restaurants, cafes, and bars. Some of the popular spots include The Emerson, which is known for its craft beer and pub fare, and Isaan Der, which serves authentic Thai cuisine.
If you are a foodie, Bloordale is home to a diverse range of restaurants, cafes, and eateries that offer a wide variety of food options. Here are some of the popular food choices in Bloordale:
International Cuisine: Bloordale has a vibrant food scene that reflects its diverse community. You can find a wide range of international cuisine, including Thai, Indian, Mexican, and Italian. Some of the popular international restaurants in the area include Isaan Der (Thai), Bombay Street Food (Indian), and El Sabil Restaurant (Mexican).
Vegan and Vegetarian Options: If you’re looking for vegan or vegetarian options, Bloordale has plenty of choices. Some popular options include Bloomer’s (a vegan bakery and cafe), Disgraceland (a vegan-friendly pub), and Saigon Lotus (a vegetarian Vietnamese restaurant).
Pub Fare: Bloordale has several pubs and bars that serve classic pub fare like burgers, wings, and nachos. Some popular spots include The Emerson and The Hole in the Wall.
Coffee and Bakeries: If you’re in the mood for coffee or a sweet treat, there are plenty of options in Bloordale. Some popular coffee shops and bakeries include The Common (a cozy cafe with great coffee and baked goods), Bakerbots Baking (known for their ice cream sandwiches and inventive baked goods), and Nova Era Bakery (a Portuguese bakery with delicious pastries and breads).
Overall, Bloordale has a great selection of food choices that cater to a range of dietary needs and preferences. Whether you’re in the mood for international cuisine, vegan and vegetarian options, pub fare, or coffee and pastries, you’ll find plenty of options in the neighbourhood.
Comparable Sold Properties
Are you curious about this rental income / investment property, but want to ensure that you’re making an informed decision? A Comparable Properties Report could be just what you need to make the right investment property choice.
A Comparable Properties Report provides you with detailed information on similar rental income properties in the area, giving you an insight into the local real estate market. This report helps you evaluate the potential of this rental for sale against historical sold data on rental investment properties.
By analyzing rental investment data such as the number of bedrooms, bathrooms, square footage, location, and amenities, a Comparable Properties Report helps you determine a fair market value for the property you’re considering. You can use this information to negotiate a better price, estimate how to increase potential rental income to maximize the opportunity, and make informed investment decisions.
Furthermore, a Comparable Properties Report allows you to identify potential risks and opportunities associated with the property. For example, if the report reveals that similar properties in the area are selling quickly, you can be confident that there’s strong demand for properties in that location. On the other hand, if the report shows that similar properties have been on the market for a long time, this could be a red flag that the property may not be a good investment.
Investing in real estate is a big decision, and it’s important to have all the information at your disposal before making a commitment. A Comparable Properties Report provides you with the insights you need to make a smart investment decision. With this report, you can evaluate the property’s potential, identify risks and opportunities, and ultimately make a sound investment that meets your goals.
Request your Comparable Properties Report today and take the first step towards successful rental investment.
Neighbourhood History
Bloordale Village is a vibrant and diverse neighborhood that is known for its charming cafes, trendy restaurants, and unique boutiques. With easy access to public transportation, major highways, and some of the best schools in the city, this property is perfect for families, professionals, and investors alike.
Located in the west end of Toronto, Ontario Canada, Bloordale is a neighborhood was originally part of the Town of York, which was incorporated in 1793. In the late 1800s, the area was primarily agricultural, with a few small communities and industries.
In the early 1900s, Bloordale began to grow as a residential neighborhood, with many single-family homes and some apartment buildings constructed in the area. During this time, the area was known for its large population of Italian immigrants, and many of the homes in the neighborhood were built by Italian contractors.
In the mid-1900s, the neighborhood experienced a decline as many residents moved to the suburbs, and some of the homes in the area fell into disrepair. However, in recent years, there has been renewed interest in the Bloordale neighborhood, and many of the homes in the area have been renovated or restored.
Today, Bloordale is a diverse and vibrant neighborhood, known for its multiculturalism, artistic community, and unique shops and restaurants.
Contact Us
We are just a phone call or text message away from any of your questions about this Rental For Sale.