Toronto, Corso Italia-Davenport, M6H 2M9
$1,250,000
Listed by RE/MAX ULTIMATE REALTY INC..
Explore a unique investment opportunity in the lively Corso Italia neighbourhood! This detached residential property offers significant potential for renovation and increased value. The main and upper floors units are currently tenanted, providing immediate rental income, while the lower unit has been underpinned and is ready to be finished to your specifications. The property requires updating, and proposed plans are available, offering a clear vision for potential improvements and increased value. A rear double car garage has been built ready to be converted to a garden suite, enhancing the property's value and income potential. Directly across from a large green space, providing a pleasant view and recreational opportunities for tenants. Corso Italia is known for its rich cultural atmosphere, excellent dining options, and a strong sense of community. With two units already generating income and the lower unit ready for finishing, this property offers a promising return on investment.
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The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.
Toronto, Birchcliffe-Cliffside, M1N 1R9
