250 Shuter Street

About This Property

In the heart of Downtown Toronto, this charming two-storey duplex presents an excellent opportunity for investors, first-time buyers, and those seeking a flexible income-producing property. Why take on the uncertainty, stress, time and expense of a major renovation/build when the work is already done? This move-in-ready duplex features two fully self-contained apartments, each with its own separate entrance, separate hydro meter, forced-air gas furnace, in-suite laundry and quality appliances. Ideal for an investor seeking rental income or a first-time buyer looking to live in one unit while generating income from the other. The property has enjoyed a consistent rental income over the years, attracting working professionals and students who value the convenience of downtown living with modern comfort. The previous years the two units offered a combined rental income of $5,650 per month [$3,500 for the main/basement unit and $2,150 for the second-floor unit]. Located directly on a TTC bus route and close to a subway station, with a short 15-minute walk to George Brown College, CF Toronto Eaton Centre and Toronto Metropolitan University (TMU), this property combines income potential, convenience and urban lifestyle. The main floor and the basement combine as one unit of 4 bed. Its kitchen with cream hexagon ceramic backsplash brings warmth to the grey cabinetry and stainless steel appliances, laundry and an outdoor escape to a cute backyard. Opening the second front door is an entrance up the stairs to a two bedroom self contained modern & bright apartment on the 2nd floor. The living/dinning with an open concept overlooking the kitchen with stainless steel appliances. The unit is bright, cozy with its own privacy. There is a balcony off the first bedroom to look into the backyard. A 3pc washroom by the hallway and laundry. This duplex is cash flow ready! (id:63604)

Key Facts

Highlights

• All
• Washer
• Water meter
• Dishwasher
• Dryer
• Blinds
• Two stoves
• Water Heater
• Two Refrigerators