Property Description for 141 KIPLING Avenue
Rockway low-rise with stable in-place income and clear mark-to-market upside. 16 suites (10×2BR, 5×1BR, 1×3BR) in a 1980 walk-up, separately metered hydro, gas-furnace common systems, and roof replaced Oct 2023. Several suites have been updated with modern finishes; others remain in clean, rent-ready condition—ideal for an investor to capture organic rent growth on turnover without a heavy CapEx program. On-site laundry (2), 16 storage lockers, and 17 surface parking stalls. Family-friendly pocket near parks, schools, Fairway shopping, and transit including Courtland buses & Block Line LRT. R-6 zoning. Strong tenant appeal today with additional upside through suite refreshes as leases roll. (id:38686)
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Property Details
Property Tax
: $34,535MLS® #
: 40758535
Home Features
Property Type
: MultiFamilySquare Footage
: 18,150 SQFTSubdivision
: 325 - Forest Hill
Interior Features
Heating
: ["Natural gas"]Basement
: ["Partially finished", "Full"]
Utilities
Sewer
: ["Municipal sewage system"]
Other
Exterior Features
: ["Brick"]
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