A pic from exterior of the house or condo, the front or back of building for 156 Barrington Ave, Toronto Ontario M4C 4Z2
47 days on Market

156 Barrington Ave, Toronto, Ontario M4C 4Z2

Townhouse
-
12
~12240 sqft
$5,399,888
Get pre-approvedPowered by Rocket Mortgage
Buy with Wahi to get
Up to
$53,999Cashback
Townhouse
-
12
~12240 sqft

Contact us about this property

Call

Highlights

Estimated ValueNot available

Price/Sqft$441/sqft

Est. Mortgage$23,190/mo

Tax Amount (2024)$17,853/yr

Days On Market47 days


Description

This exclusive 12-unit apartment building in Toronto's East End offers a high-yield investment with a 2023 net operating income of $313,042 and a 5.8% cap rate. With 1 bachelor unit and 11 two-bedroom units, this 3-storey walk-up features intercom access, coin-operated laundry, and 8 rentable parking spaces, all designed to maximize income potential. Strategically upgraded, the property includes renovated kitchens, bathrooms, fresh paint, modern flooring, and 100-amp panels in each unit. A new boiler (2021) and 13 hydro meters add efficiency, making it an attractive choice for tenants and owners. Located near Danforth Village, Main Street Subway, and Danforth GO, the building is ideally situated for commuters, providing easy access to downtown Toronto and nearby amenities like parks, schools, and Greektowns vibrant community. High demand and rising rental rates make this area highly sought-after with low vacancy rates. With limited new construction, this property stands out as a turnkey investment with strong cash flow in a growing market.


Property Details

StyleResidential Income
View-
Age of property-
SqFt~12240 SqFt
Lot Size11,022 SqFt(146.79 x 75.09)
Parking Spaces8
MLS ®Number40675484
Community NameWoodbine Gardens
Data SourceITSO
Listing byRe/Max Gold Realty Inc., Brokerage

Features

Heating: Natural Gas, Radiant

Features

Lot size: 11,022 SqFt
Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 8


Property listed by Re/Max Gold Realty Inc., Brokerage, Brokerage

Get up to 1% cashback when you buy your dream home with Wahi Cashback

Cashback Banner Image

A new way to buy a home that puts cash back in your pocket.

  • Our in-house Realtors do more deals and bring that negotiating power into your corner
  • We leverage technology to get you more insights, move faster and simplify the process
  • Our digital business model means we pass the savings onto you, with up to 1% cashback on the purchase of your home

Population and Demographics

Overview

Total population 30090
Average household income $111,296

Age (%)

35 to 49
23%
0 to 19
22%
20 to 34
20%
50 to 64
20%
65 and plus
14%

Household composition (%)

Single family
59%
Single person
33%
Multi person
7%
Multi family
0%

Mother tongue (%)

English
65%
Bengali
10%
Others
5%
Yue (Cantonese)
3%
Tagalog (Pilipino, Filipino)
3%
Urdu
2%
Spanish
2%
Amharic
2%
French
1%
Greek
1%

House tenancy (%)

Renters
57%
Owners
43%

Schools and amenities

Estimated Budget