
156 Barrington Ave
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156 Barrington Ave
12 Unit Block of Flats £2,900,631 (£241,719/Unit) 5.80% Net Initial Yield Toronto, ON M4C 4Z2



INVESTMENT HIGHLIGHTS
- This three storey walk-up features intercom access, coin-operated laundry, and 8 rentable parking spaces to maximize income potential.
- The property is ideally situated for commuters, providing easy access to downtown Toronto.
EXECUTIVE SUMMARY
This exclusive 12-unit apartment building in Toronto's East End offers a high-yield investment with a 2023 net operating income of $313,042 and a 5.8% cap rate. With 1 bachelor unit and 11 two-bedroom units, this 3-storey walk-up features intercom access, coin-operated laundry, and 8 rentable parking spaces, all designed to maximize income potential. Strategically upgraded, the property includes renovated kitchens, bathrooms, fresh paint, modern flooring, and 100-amp panels in each unit. A new boiler (2021) and 13 hydro meters add efficiency, making it an attractive choice for tenants and owners. Located near Danforth Village, Main Street Subway, and Danforth GO, the building is ideally situated for commuters, providing easy access to downtown Toronto and nearby amenities like parks, schools, and Greektowns vibrant community. High demand and rising rental rates make this area highly sought-after with low vacancy rates. With limited new construction, this property stands out as a turnkey investment with strong cash flow in a growing market.
PROPERTY FACTS
Price | £2,900,631 | Property Subtype | Apartment |
Price Per Unit | £241,719 | Apartment Style | Low-Rise |
Sale Type | Investment | Building Class | C |
Net Initial Yield | 5.80% | Building Size | 11,286 SF |
No. Units | 12 | Number of Floors | 3 |
Property Type | Multifamily | Year Built | 1957 |
Price | £2,900,631 |
Price Per Unit | £241,719 |
Sale Type | Investment |
Net Initial Yield | 5.80% |
No. Units | 12 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low-Rise |
Building Class | C |
Building Size | 11,286 SF |
Number of Floors | 3 |
Year Built | 1957 |
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Walk Score®
Very Walkable (86)
Transit Score®
Excellent Transit (86)
Bike Score®
Biker's Paradise (91)
ZONING
Zoning Code | RD (Residential Detached Zone) |
RD (Residential Detached Zone) |
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156 Barrington Ave
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