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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

$ 385,000

Est. payment | -/mo

1 Bed

1 Bath

500 SqFt

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$ 385,000

Est. payment | -/mo

Save Virtual Tour

1 Bed

1 Bath

500 SqFt

Key Details

Property Type Single Family Home

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Approx. Sqft 500 - 599

Square Footage 500 sqft

Price per Sqft $770

Subdivision Church-Yonge Corridor

MLS® Listing ID C13027858

Bedrooms 1

Condo Fees $343/mo

Property Sub-Type Condo

Property Description

Turnkey, self-sustaining investment opportunity in downtown Toronto, generating approximately break-even to slightly positive cash flow at current rent of $1,900-$1,950/month, with tenant responsible for heat and hydro. Estimated cap rate of ~4.2%(above average for comparable downtown condo investments) combined with low monthly maintenance fees of $343 makes this an efficient, low-maintenance asset with minimal out-of-pocket exposure. Tenant-paid utilities further enhance netoperating efficiency. Located in a proven high-demand rental pocket, units in this building rent quickly when available-helping minimize vacancy risk and support consistent occupancy. Ideal for investors seeking a stable hold with limited ongoing management and reducedexposure to unexpected costs. Fully renovated in 2023, the suite features new luxury vinyl flooring throughout, an updated kitchen with new countertops,backsplash, stainless steel appliances, and lighting, along with a modernized bathroom with new ceramics, vanity, and hardware. Full soundproofing throughout the entire unit, including ceiling replacement, provides exceptional privacy and durability- an uncommon feature that can help reduce tenant turnover. Situated in Windsor Lofts, an intimate 5-storey boutique building with only 30 units and limited turnover. Steps to transit, universities, hospitals, and the downtown core. Walk Score 95, Transit Score 92, Bike Score 98. A compelling opportunity to secure a low-entry, income-producing asset in one of Toronto's strongest rental corridors- also well-suited for end users seeking a fully renovated, low-maintenance downtown suite. (id:24570)

Location

Province ON

Rooms

Kitchen 1.0

Extra Room 1 Main level 2.2 m X 2.3 m Foyer

Extra Room 2 Main level 4.6 m X 3.1 m Living room

Extra Room 3 Main level 4.6 m X 3.1 m Dining room

Extra Room 4 Main level 3.5 m X 2.4 m Kitchen

Extra Room 5 Main level 3.4 m X 2.3 m Primary Bedroom

Extra Room 6 Main level 2.4 m X 1.5 m Bathroom

Interior

Heating Forced air, Not known, Not known

Cooling Central air conditioning

Flooring Vinyl

Exterior

Parking Features No

Community Features Pets Allowed With Restrictions, Community Centre

View Y/N No

Attached Garage No

Garage No

Private Pool No

Others

Ownership Condominium/Strata

Virtual Tour https://tours.scorchmedia.ca/412-jarvis-street-toronto-on-m4y-2h3?branded=0

Listed by RE/MAX PROFESSIONALS INC.

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412 Jarvis ST #105 Toronto (church-yonge Corridor), ON M4Y2G6