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$ 1,298,000
Est. payment /mo
New
31 Long Branch AVE Toronto W06, ON M8W 3H8
5 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Municipality Toronto W06
Subdivision Long Branch
MLS Listing ID W13757942
Style 2-Storey
Bedrooms 5
Annual Tax Amount $5,509
Tax Year 2026
Property Sub-Type Triplex
Property Description
Turn-Key Multi-Family asset in the Heart of Long Branch, Toronto's highly coveted "Village by the Lake", South Etobicoke's fastest appreciating pockets! Semi-detached Triplex on a premium 25 x 146.5 ft deep lot generating $6,300/mo Gross Income with a solid $59,228 annual NOI. Expenses average $1,365/mo including property tax, all utilities, insurance, and internet/cable. This low-maintenance income property features three bright and spacious self-contained units, two 2-bedroom units and one 1-bedroom unit, with parking at rear. Meticulously maintained with over $156k in capital improvements over the past 8 years, makes this an incredibly rare, worry-free addition to any portfolio. Main Floor and Basement units were completely renovated (2021). Brand new foundation waterproofing, weeping tiles, and sump pump system installed with transferable peace-of-mind ($20k, 2026). Upgraded mechanics include a tankless water heater (2024), high-efficiency boiler (2019), newer windows. Rear yard new asphalt parking area (2018) and a large 8' x 10' storage shed (2022). Ideal lakeside location just steps to Lake Shore Boulevard shops, cafes, restaurants, Marie Curtis Park, sandy beach, picnic area, connections to the Waterfront Trail and Etobicoke Creek Trail. Unbeatable tenant transit access, walk to Long Branch GO Station and TTC Streetcar loop, bus routes, offering quick commute downtown. Stable cash flow, premium finishes, and major capital expenditures already paid for!
Location
Province ON
County Toronto
Community Toronto W06
Area Toronto
Rooms
Family Room No
Basement Apartment, Separate Entrance
Kitchen 3
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Pool None
Roof Type Shingles
Lot Frontage 25.0
Lot Depth 146.5
Total Parking Spaces 3
Building
Unit Features Lake/Pond,Rec./Commun.Centre,Public Transit,Park,School
Foundation Concrete Block
Others
ParcelsYN No
Listed by RE/MAX PROFESSIONALS INC.