16 John Best Avenue Toronto, Ontario M9N 1C3
$1,600,000
Exceptional investment opportunity! This fully renovated triplex generates nearly $120,000 in annual income, offering a strong cap rate of over 6%. Each of the three units is thoughtfully designed as a spacious 2-bedroom, 2-bath layout, with modern finishes and updated systems for peace of mind. Accessibility is prioritized with elevator access and barrier-free design, making the suites highly desirable for long-term tenants. Currently leased to reliable occupants, this property ensures stable cash flow and minimal vacancy risk. A rare chance to secure a turnkey multi-residential asset with proven performance and significant upside in a growing rental market. (id:61852)
Property Details
| MLS® Number | W12421074 |
| Property Type | Multi-family |
| Neigbourhood | Brookhaven-Amesbury |
| Community Name | Brookhaven-Amesbury |
| Features | Wheelchair Access |
| ParkingSpaceTotal | 4 |
Building
| BathroomTotal | 6 |
| BedroomsAboveGround | 6 |
| BedroomsTotal | 6 |
| Age | 0 To 5 Years |
| Appliances | Dishwasher, Dryer, Stove, Washer, Refrigerator |
| ArchitecturalStyle | Raised Bungalow |
| BasementDevelopment | Finished |
| BasementFeatures | Walk Out |
| BasementType | N/a (finished) |
| CoolingType | Wall Unit |
| ExteriorFinish | Brick |
| FoundationType | Concrete |
| HeatingFuel | Electric, Natural Gas |
| HeatingType | Heat Pump, Not Known |
| StoriesTotal | 1 |
| SizeInterior | 700 - 1100 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 125 Ft |
| SizeFrontage | 40 Ft |
| SizeIrregular | 40 X 125 Ft |
| SizeTotalText | 40 X 125 Ft |
| ZoningDescription | Residential |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
Interested?
Contact us for more information
Jay Nusbaum
Salesperson
659 St Clair Ave W
Toronto, Ontario M6C 1A7
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
October 23 2025 03:30:00
Toronto Real Estate Board
Forest Hill Real Estate Inc.