122 Parkmount Road

Located at 122 Parkmount Road, Toronto, this stunning semi-detached 2-storey house is a prime investment opportunity in the heart of Greenwood-Coxwell. Situated on a peaceful residential street between Danforth and Monarch Park, this property is a gem waiting to be discovered by discerning buyers looking for a lucrative venture in the real estate market.

As you step inside this beautifully crafted legal duplex, you'll be greeted by a tastefully renovated interior that exudes charm and sophistication. With over $400K spent on renovations in 2017, this house offers two separate units, each with its own entrance, ensuite laundry facilities, and independent heating and cooling systems. The main floor unit and basement apartment are currently vacant, providing new owners with the flexibility to either move in or rent out for a substantial monthly income.

Featuring a total of 4 bedrooms, 1 den, and 3 bathrooms spread across 9 rooms, this property offers ample space for comfortable living. The second-floor unit boasts elegant vaulted ceilings in the bedroom and bathroom, adding a touch of luxury to the living space. Both units also come with inviting decks, ideal for unwinding after a long day or hosting gatherings with friends and family.

One of the standout features of this house for sale in Toronto is its exceptional income potential, with a gross rent of $7450 per month and a CAP rate of 5.62%. This presents a rare opportunity for savvy investors to secure a steady cash flow in Toronto's competitive real estate market. Additionally, the property includes a finished basement apartment with a separate entrance, offering even more rental possibilities.

For those who value convenience and accessibility, this house is just a short 9-minute walk from Coxwell Subway Station, making commuting a breeze for residents. With easy access to amenities and transportation options, this property is perfectly positioned for a hassle-free lifestyle in the bustling city of Toronto.

In terms of design and functionality, this house boasts two kitchens, ideal for those who love to cook and entertain. The unfurnished property comes with modern amenities such as internet connectivity, wall unit AC, and a heat pump for comfortable living year-round. The basement features a separate entrance, providing privacy and convenience for guests or tenants.

With a lot size of 18 X 100 feet and additional land of less than 0.50 acres, there is ample outdoor space for gardening or outdoor activities. The property also includes one designated parking spot at the rear, ensuring that residents always have a convenient place to park their vehicle.

In conclusion, 122 Parkmount Road, Toronto, presents a unique opportunity for buyers looking to invest in a well-maintained property with significant income potential. Whether you're a seasoned investor or a homeowner looking to generate rental income, this house for sale in Toronto offers the best of both worlds – a comfortable residence with the added benefit of a lucrative investment opportunity. Don't miss out on this chance to own a piece of prime real estate in one of Toronto's most sought-after neighbourhoods.

Greenwood-Coxwell is a vibrant neighbourhood located in the east end of Toronto. It is known for its diverse population, tree-lined streets, and close proximity to parks and amenities. The area offers a mix of residential properties, from historic homes to modern condos, making it an attractive option for potential residents. With easy access to public transportation and a variety of shops and restaurants nearby, Greenwood-Coxwell is a convenient and welcoming place to call home in the bustling city of Toronto.