For Sale: Investment Property Opportunity – 196 & 198 Dunn Avenue

Property Overview

196 & 198 Dunn Avenue are located in one of Toronto’s oldest and most historical neighbourhoods – Parkdale. A 20-minute walk to the Exhibition GO station and access to public transportation proves that this location makes living downtown easy and practical.

Parkdale is an eclectic neighbourhood where residents are surrounded by the convenience of downtown living with the city’s historic charm. Surrounded by all of the amenity’s residents could want, this location is popular among renters looking to live and work in the downtown core.

Investment Property Details

196 Dunn Avenue: this property is build-ready, and city approved for 3 Bachelor Suites and 10 1-Bedroom Suites.

196 Dunn Avenue is a ready-to-develop project with all of the necessary approvals to get your shovels in the ground as soon as you wish. The full site plan has been fully approved for 13 self-contained suites – 3 studio apartments and 10 1-bedroom apartments.

Over the past two years, a team of planning consultants, engineers, architects and owners have gone through rigorous vetting with the city of Toronto to ensure the site is ready to build. The full committee of adjustments approval has been received, drawings have been complete and approved, making this project ready for development.

Full abatement has been completed and a clean air test has been received. Onsite tree removal with proper permits has also been completed as has payment for planting in lieu of.

196 Dunn presents a very rare opportunity for new development in an area that demands suites for rent. With the opportunity to charge at-market or above market, rents in a neighbourhood that can support it, particularly with a new build, this is an opportunity not to be overlooked or missed.

198 Dunn Avenue: consists of 3 Bachelor Suites and 9 1-Bedroom Suites.

198 Dunn Avenue is a well-established, well-maintained, popular building in the Parkdale neighbourhood. Our tenants are all A++ individuals who are kind, respectful, and professional with solid employment and a positive histor y living at this residence. They are deeply vetted, and all hold excellent jobs in Toronto.

With on-site coin laundry, parking, and a large detached garage, there are extras available that few similar properties offer that is beneficial to both owners and residents. Meticulous maintenance includes weekly professional cleaning of the common areas plus weekly professional lawn care, making this property easy to maintain without issue.

198 Dunn Avenue provides a very unique opportunity to run a 12-apartment residence while developing 196 Dunn Avenue, providing income while in the building phase of completing the entire project.

South Parkdale Neighbourhood

You can find South Parkdale west of the Queen West neighbourhood, east of Dufferin Street and west of Roncesvalles Avenue. Parkdale’s eclectic mix of real estate options ranges from grand Victorian mansions to high-rise low rent apartment buildings.

This plethora of housing options has resulted in Parkdale having one of the most diverse demographics of any Toronto neighbourhood. Parkdale possesses many positive attributes. It has some of Toronto’s most vibrant shopping districts, wonderful tree-lined streets, beautiful Victorian homes, and impressive mansions that remind onlookers that Parkdale was once Toronto’s wealthiest district.

Investment Property: 196 Dunn Avenue Stats

• Site plan approved & permit-ready
• 3 studio apartments
• 10 1-bedroom apartments
• Property Type: Multi-Residential
• Property Code & Description:
  361-Bachelorette, typically a converted house with 7 or more self-contained units
• Assessment Roll Legal Description:
  PLAN 796 LOT 9
• Legal Description:
  LT 9 PL 796 PARKDALE;
  CITY OF TORONTO
• Frontage(ft): 33.33’
• Depth(ft): 152.92’
• Site Area: 5,096.82
• Variance: Irregular

Investment Property: 198 Dunn Avenue Stats

• 3 studio apartments
• 9 1-bedroom apartments
• Property Type: Multi-Residential
• Property Code & Description:
  361-Bachelorette, typically a converted house with 7 or more self-contained units
• Assessment Roll Legal Description:
  PLAN 796 LOT 10
• Legal Description: LT 10 PL 796
  PARKDALE; CITY OF TORONTO
• Frontage(ft): 33.00’
• Depth(ft): 152.92’
• Site Area: 5,046.36
• Variance: Regular

Investment Property Details: 198 Dunn Avenue Interior

Kitchens

All suites feature self-contained kitchens comprised of wood cabinetry, fridge, stove and hood fan.

Living Room

9 1-Bedroom units feature a living room with laminate or tile flooring throughout.

Bathrooms

Al l suites have self-contained bathrooms featuring tub/shower, toilet, single vanity sink and ceramic tiles throughout.

Lighting

The main area of units contains ceiling, recessed light fixtures. Some units have ceiling fans with lights. The washrooms are outfitted with standard ceiling light fixtures or hanging lights.

Laundry

Separate laundry room offering 1 Coin Washer and 1 Coin Dryer.

Walls and Floors

Unit floors are a mixture of Laminate, Carpet and Ceramic Tiles. Hallway floors are carpeted.

Heating & Cooling

The heating system is gas/water radiators.

Buying Investment Properties in Toronto

If you’re interested in learning more about this investment opportunity from Toronto Realty Boutique, connect with us today by contacting Romey Halabi, listing broker at 416.999.1240 or simply complete our form below.

Financial information is available upon request.

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