Property Details
Bedrooms
4
Bathrooms
2
Neighbourhood
Bloor West Village
Property Type
Detached, 2-Storey
Taxes / Year
$5,749.94/2023
Size
19.5 x 140.0 Feet
Parking
2
Elementary Schools
King George Jr PS, Humbercrest PS, James Culnan Catholic School
High Schools
Runnymede CI, Western Tech
Property Description
Welcome to 644 Annette Street
Invest in Your Future – A Duplex Gem in Bloor West Village Awaits!
Unlock the potential of this incredible investment opportunity in the heart of Bloor West Village. This legal and thoughtfully updated duplex not only offers immediate rental income, but also holds the potential of a laneway house.
This property offers 2 bright and spacious two-bedroom apartments, each brimming with character and charming fireplaces. The living and dining areas offer spacious elegance, complete with walkouts to a fenced backyard and a charming balcony. But the potential doesn’t stop there! This property also presents the opportunity to create a basement apartment, further increasing its income potential. Convenient two-car garage accessible via lane drive.
The location is simply unbeatable, with the TTC at your doorstep and the Bloor subway, parks, and shops all within easy walking distance. This is not just an investment; it’s a chance to become part of a vibrant, sought-after community.
Property Features:
- Each apartment includes a half basement with utility and laundry facilities.
- Two boilers, two hot water tanks, and two electrical panels provide efficiency and convenience.
- The property boasts a 200-amp service and updated wiring for peace of mind.
Income Potential (Monthly):
Unit | Rent | Utilities (Gas & Hydro) | Projected Garage Income |
---|---|---|---|
Apartment 1 | $1,755 | Additional | $100 |
Apartment 2 | $2,255 | Additional | $100 |
Projected Garage Income = $200/Month
Financial Overview:
- Gross Income (Annual): $48,120 + Garage: $2,400 = Total $50,520
- Operating Expenses (Annual): $8,750.77
- Net Income (Annual): $41,769.23
Don’t miss your opportunity to invest in this fantastic property. It’s not just a residence; it’s a savvy financial move.
Contact us today to schedule a viewing and discover the potential that awaits in Bloor West Village.