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82 Oakwood Ave

CENTRAL TORONTO - HILLCREST VILLAGE

Property Details

Status: Sold

Asking Price: $819,000

Sold Price: $825,300

Style: 3-Storey

Taxes: $4,506.29 / 2013

Garage Type: Front Yard

Total Parking Spaces: 2

Bedrooms: 4

Bathrooms: 4

Kitchens: 3

Basement: Apartment

More Features: Library, Park, Public Transit, School

MLS #: C2816782

Location
  • Rental income: Main floor $1,500, 2nd/3rd floor $1,700, basement $750 (all tenants pay heat and hydro)
  • Annual expenses: $8,930 includes property taxes

Are you renting and contributing to your landlord’s mortgage? Invest in your future instead and consider buying this three unit dwelling.

Live cheaply in the oversized one bedroom main floor suite while collecting $2,450 a month rent from the other two units. Expansive two bedroom basement apartment with 7 foot ceiling height and a gorgeous second/third floor three bedroom apartment to assist with your expenses and mortgage payment.

If you’re looking for a solid investment opportunity in a great location, with rare two car parking, then this is the one. A stroll away from the flights of St Clair West and Davenport Road offering European style bakeries, bistro style restaurants, gourmet food shops, subway, good schools and every city amenity imaginable.

Current annual income of $48,000 generates a 4.7% cap rate with the potential to increase the annual rent to $58,000 with a cap rate of 6%.

We will not conduct public open houses on this property so call us for a private viewing, if you’re not under contract with another brokerage, or if you want to receive the financial statements.

Room Dimensions Level Features
Living 12×15.4 ft (3.7×4.7 m) Main Hardwood Floor, Fireplace, Window
Kitchen 11.2×15.5 ft (3.4×4.7 m) Main Hardwood Floor, Combined W/Dining, Renovated
Master 9×12 ft (2.8×3.7 m) Main Broadloom, Semi Ensuite, Closet
Living 10.7×14 ft (3.3×4.3 m) Second Fireplace, Bay Window, Combined W/Dining
Dining 9×9 ft (2.8×2.8 m) Second Laminate, O/Looks Living, Ceiling Fan
Kitchen 10.4×11.2 ft (3.2×3.4 m) Second Renovated, Ceramic Back Splash, B/I Microwave
2nd Br 9.4×11.5 ft (2.9×3.5 m) Second Broadloom, Closet
Master 9.3×16.4 ft (2.8×5 m) Third Broadloom, Ensuite Bath, W/O To Balcony
3rd Br 14×15.4 ft (4.3×4.7 m) Third Hardwood Floor, Closet, Window
Living 16.5×19 ft (5×5.8 m) Lower Broadloom, Combined W/Dining, Above Grade Window
Master 8.8×9.3 ft (2.7×2.8 m) Lower Broadloom, Closet, Above Grade Window

Living in Hillcrest Village

Hillcrest Village, Toronto is an established neighbourhood situated 15 minutes from Toronto’s financial district. It is comprised of two neighbourhoods known as “Humewood” located north of St. Clair Avenue West and “Hillcrest” located south of St. Clair Avenue West.

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