Incredible Investment Opportunity in Prime Toronto Location! Welcome to 555 Royal York Rd, ararely offered legal triplex situated on a massive 50 ft frontage lot with 6 legal parking spacesa true gem for investors or end-users alike. This solid, well-maintained property features three fully self-contained units, each boasting 2 generously sized bedrooms and 1 full bathroom, offering excellent functionality and appeal. Each unit is separately metered, with 4 hydro meters in total, and tenants pay their own hydro a major plus for maximizing cash flow.The basement unit is bright and inviting with above-grade windows, creating a warm, main-floor feel that tenants love. The main floor unit is owner-occupied and will be delivered vacant on closing, making it ideal for those looking to move in and offset their mortgage with rental income from the other two units. This is an amazing turnkey opportunity with A+ tenants already in place, providing immediate income and peace of mind. Whether you're an investor looking to expand your portfolio or a homeowner searching for a multi-family property with excellent upside potential, this triplex checks all the boxes. Located in a vibrant, transit-accessible area, you're close to schools, shopping, parks, and major highways making this an attractive spot for quality tenants and long-term appreciation. Don't miss out on this rare offering in a high-demand location!
Address
555 Royal York Road
List Price
$1,799,988
Property Type
Residential Freehold
Type of Dwelling
Triplex
Style of Home
2-Storey
Area
Toronto W07
Sub-Area
Stonegate-Queensway
County
Toronto
Bedrooms
4 + 2
Bathrooms
3
Floor Area
1500 - 2000 Sq. Ft.
Lot Depth
101.51
Lot Size Units
Feet
Lot Width
50
MLS® Number
W12083413
Listing Brokerage
SUTTON GROUP-ADMIRAL REALTY INC.
Basement Area
Apartment, Walk-Up
Postal Code
M8Y 2S7
Parking
Private
Parking Places (Total)
6
Tax Amount
$5,443.35
Tax Year
2024
Interior Features
Accessory Apartment
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
East
Foundation Details
Other
Garage Type
None
Kitchens Total
3
Pool Features
None
Roof
Other
Sewer
Sewer