465 Ashdale Ave
A great turnkey buy and hold property with garden suite and development potential
ABOUT THE HOUSE
This is one of those unicorns with a MPAC Triplex designation, which is great for mortgage qualification! The main and second floor units are vacant and move-in ready, with opportunities to do minor renovations to add value and boost rents. This is a turnkey property that you can place new tenants in at market rent or live in one unit and house hack!
You can also build a garden suite up to 1,290 sf (subject to confirmation via survey and additional research/permits via Toronto Parks and Forestry) on the huge lot (29′ x 127′) and/or add an extension to create two-bedroom layouts to add tremendous cashflow in a great area!
We also like that it has a detached garage with 2-car parking at rear to generate additional rent.
No renovations required, but upgrades that can be made include:
- Adding in-suite laundry to the main floor unit
- Upgrading laundry facilities in second floor unit
- Adding dishwashers to main and second floor units
- Adding custom glass for shower in main floor bathroom
- Updating kitchen cabinets and countertops over time
- Steps to trendy Gerrard St. shops and restaurants, and both Greenwood and Coxwell TTC stations.
- Walk score – 86
- Transit Score – 77
- Bike Score – 70