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New3 hours ago

412 Jarvis Street 105

Church-Yonge Corridor, Toronto C08

$385,000

Condo Apartment |
1 | 1 | 0 | 1
About this home

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.

Extras

No extras listed.

TypeCondo Apartment
StyleApartment
Approx. Age16-30
Size500-599 sq. ft.
Maintenance Fees$343
LockerOwned
BalconyNone
ExposureWest
Parking TypeNone
Parking Spaces0
Parking FeaturesNone
Property Tax$2,036
mls© NumberC13027858
Listed ByRE/MAX PROFESSIONALS INC.
Building Insurance Included
Water Included
Common Elements Included

Listing History

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  • No recent lease history for this listing.

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