$1,149,000.00

Price

For Sale

Status

Duplex

Type

2+1

Bedroom(s)

2+1

Bathroom(s)

3958.06/2021

Taxes Per/Year

About 449 Oakwood Ave

Welcome to 449 Oakwood Avenue. Solid, Legal Duplex with Potential for $73K+ Income Per Year In Vibrant Oakwood Village. Three large, one-bedroom units – all well maintained and updated. Only minor renovations needed to create two-bedroom units on the 2nd floor and in the basement – just add a wall & a door. When complete, upper could rent for $2400, main for $2000 and lower for $1750. Without renos, market rent could easily be $66,000 per year. CN Tower views from the 2nd floor unit – maybe a deck in the future? Walk to subway or new LRT; 20 minutes to YYZ; restaurants & shopping at your doorstep. Parks, playgrounds and a pool all just steps away. Enjoy everything this neighbourhood has to offer. Vacant possession possible. Current expenses are as follows: Insurance $2800/year (fully insured as a triplex); Property Taxes $3958/year; Solid Waste $500/year; Enbridge $4500/year; Hydro $2100/year; Electricity & Hot Water are paid by the tenant.

449 Oakwood Ave Highlights

  • Vibrant Oakwood Village
  • Solid, legal duplex
  • Basement apartment
  • Three one-bdrm units
  • Potential for 2nd floor to convert to 2 bdrms
  • Potential for bsmt to convert to 2 bdrms
  • Live in one and rent out the rest
  • Perfect for multi-gen families
  • Enjoy CN Tower views from the 2nd-floor unit
  • Easily accessible by transit
  • Walk to a subway station or new LRT
  • 20 Minutes to YYZ; restaurants & shopping at your doorstep
  • Possibility for vacant possession with appropriate notice
  • Extras: Fridges, 3 stoves, washer & dryer, furnace, central a/c, hot water tank

Listing Courtesy of REAL BROKER ONTARIO LTD

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