1040 Tolmie Ave

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Incredible revenue potential with this turn-key 4-plex property, with happy tenants already in place. This property features a fully-fenced backyard with mature fruit trees, and ample storage in the crawl space & separate shed - perfect for gardening tools & equipment. The building has been well-maintained with a serviced roof, plumbing & electrical, and a new forced air gas furnace in 2013. Conveniently located within walking distance to Mayfair Mall, Rutledge Park, restaurants & cafes, and close to transit lines make this a great option for investors. Two of the suites have been rented to the same tenants for 5 years! Total Annual Rental Revenue $43,651. Total Annual Expenses $7,970. Net Annual Revenue $35,681. Capitalization Rate = 4.46%