5 Sorauren Avenue Toronto, Ontario M6R 2C6

$4,300,000

Rare Multi-Residential Investment & Development Opportunity in Toronto! Exceptional opportunity to acquire an established legal 7-unit multi-residential property with approved plans for Phase 2 development of an additional 5 residential units - offering the potential for a 12-unit multi-residential property upon completion. The existing building consists of 7 self-contained residential units, providing immediate rental income while offering significant value-add potential through the approved second phase. Ideally situated in the highly desirable Sorauren/Parkdale neighbourhood, steps to Sorauren Avenue Park and minutes to Roncesvalles Village, Queen Street West, TTC, shops, restaurants and everyday amenities. An outstanding opportunity for investors, developers and multi-residential operators to acquire an income-producing asset with a clear path for further intensification in a prime Toronto location. Existing 7 legal units + approved plans for 5 additional units - a truly unique investment and development opportunity. (id:55460)

Property Details

MLS® Number	W13852858
Property Type	Multi-family
Neigbourhood	Roncesvalles
Community Name	Roncesvalles
Features	Carpet Free

Building

Bathroom Total	7
Bedrooms Above Ground	14
Bedrooms Total	14
Appliances	Oven - Built-in
Basement Type	None
Cooling Type	Central Air Conditioning
Exterior Finish	Brick
Foundation Type	Block, Brick
Heating Fuel	Natural Gas
Heating Type	Baseboard Heaters, Forced Air
Stories Total	2
Size Interior	3,500 - 5,000 Sqft
Type	Other
Utility Water	Municipal Water

Parking

Detached Garage
No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	98 Ft
Size Frontage	32 Ft ,6 In
Size Irregular	32.5 X 98 Ft
Size Total Text	32.5 X 98 Ft
Zoning Description	Residential / Rooming House

https://www.realtor.ca/real-estate/30354739/5-sorauren-avenue-toronto-roncesvalles-roncesvalles