Built in 1992, 10-12 Snider Avenue is a rare purpose-built legal 4-plex offering an exceptional investment opportunity in Toronto's well-established and evolving Briar Hill-Belgravia neighbourhood. The property comprises two spacious split-level 3-bedroom, 2-bathroom Apartments occupying the Main Floors and Lower Levels. These two Apartments feature separate forced-air gas furnaces, central air conditioning, in-suite laundry, and individual hydro meters. The Second Floor contains two 2-bedroom, 1-bathroom Apartments each featuring electric baseboard heating, window air conditioning units, in-suite laundry, and separate hydro meters. Approximately 4,110 sq. ft. above grade plus an additional 2,080 sq. ft. on lower level. There are five hydro meters in total, including a separate common area meter. The property includes 5 on-site parking spaces and benefits from commercial zoning on the Main Floor and Lower Level, providing flexibility for investors, owner-operators, or buyers seeking commercial space combined with residential income. Additional future upside may exist through a potential third-storey addition, subject to buyer due diligence and municipal approvals. The property's location offers convenient access to employment hubs, educational institutions, excellent connectivity throughout the City via nearby TTC routes and the Eglinton Crosstown LRT corridor, easy access to Allen Road and Highway 401, and everyday amenities including grocery stores, local shops, restaurants, community centres, parks, and recreational facilities, all of which contribute to sustained tenant demand and strong long-term investment fundamentals.
Legal Fourplex Extremely Well Built By Italian Builder In 1992. Approximately 3906 Sq Ft Building On 2 Floors Above Grade Plus Another 1903 SqFt In Bsmt. 6 Car Parking This Building Sits Next To A Building On Eglinton And Is Split Down the Middle Between 10 and 12 Snider. Currently 4 Residential Apt Units Consisting Of A 2BR, 1 Bath Unit On The Second Floor At 10 Snider, Electrically Heated With A Window A/C And A Mirror Image 2 BR Unit At 12 Side By Side On The Second Floor. There are also 2 Ground Level/Bsmt 3 BR 2 Bath Mirror Units Side By Side At 10 And 12 Snider. Ground Level/Bsmt Units Would be Ideally Suited And Are Zoned For Commercial Space Although They Have Always Been Residential Units. Alternatively, Potential For 6 Residential Units As BSMT Is Full Height. Their Is Also Potential To Add More Apts Via A Third Storey Addition As The Frontprint Of The Building Is Large At == Buyer To Do Their Own Due Diligence In Respect To Zoning Permission. Over The Years These Mirror Units Have Been Slightly Altered And 2 Were Renovated Approximately 10 Years Ago So That ---Currently 10 Snider Consists Of 2BR + Den, 1 Bathroom 2nd Floor Upper Unit + A 3BR, 2 Bath Unit On The Main/Bsmt Levels--- 12 Snider Consists Of 2BR, 1 Bathroom 2nd Floor Unit And A 3 BR 2 Bath Apartment On The Main/Bsmt Levels. Both Main Floor Units At 10 And 12 Are Combined With The Bsmt So Very Spacious At Almost 2000SF Each! The Main/Bsmt Level Units Also Have Separate Forced Air Gas Furnaces And Air Conditioning. Both Second Floor Units Are Heated By Hydro/Baseboard And Have Window AC Units. There Are 5 Separate Hydro Meters (1 Common Area Meter) So Tenants Pay Their Own Hydro. Main/Bsmt Level Tenants Pay Their Own Gas And Are Separately Metered. Each Unit Contains Laundry Machines. Plus There Is 5 Car Parking Off Laneway. Flat Roof And Gutters Redone Approx. 8 Years Ago. ++Near New Eglinton Subway, Ideal For End User Looking To Open Or Relocate Business!!++ Or As Long Term Investment Property.
TREB #W9354000
Sep 17, 2024
Listed
$2,300,000
As the MLS and public records start to fill up, we'll list the details here.