70 Anderson Street
4205 - West Centre Town, West Centre Town, K1R 6T7
FOR SALE
$850,000
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BEDROOMS3
BATHROOMS3
KITCHENS9
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Property Description
Welcome to 70 Anderson Street - a fantastic investment opportunity in the heart of Little Italy. This handsome 2-1/2 storey red brick triplex, complete with an addition, is perfectly positioned to Preston Street and Chinatown, offering unbeatable walkability and strong rental appeal. The property features three well-laid-out units: Apt 1 - a 1-bedroom apartment, Apt 2 - a bachelor apartment, Apt 3 - a two-level spacious 2-bedroom apartment. Key updates include a new furnace (2026), kitchen and bathroom remodel in Apt 2 (2021), a kitchen and bathroom remodel in Apt 1 (2015), a rebuilt front exterior retaining wall (2024), an interlock metal roof (2013), and a reconstructed 2-storey front porch (2010). Additional conveniences include coin-operated laundry in the basement. Please note: restricted showing times with 24 hours' notice required. A solid addition to any portfolio-don't miss this opportunity! 24 hour irrevocable.
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Property Features
Separate Hydro Meter, Storage, Separate Heating Controls
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Property Details
Address
70 Anderson Street
Community
City
Postal Code
K1R 6T7
Property Type
Triplex, Triplex
Lot Size
29' x 104'
Taxes
$6,079 (2025
Basement
Unfinished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
Detached
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Listing contracted with Re/Max Hallmark Realty Group
Welcome to 58-60 Louisa Street. A classic red brick triplex in the heart of the city. Just steps from restaurants on Preston Street, picturesque walks along Dow's Lake, and the LRT, this property offers the best of urban convenience and lifestyle. This three-storey investment property features generously sized principal rooms, individual hydro meters, new exterior patios off of all three units, recently updated roof and windows, parking for 4 cars, large detached garage, and a healthy income with lots of room to grow. Unit 1 is a large one bedroom plus den with formal living and dining room. Owner occupied and estimated $1900/month+hydro, parking included. Unit 2 is a spacious one bedroom plus den $1420/month+hydro, parking included. Unit 3 is a bright open concept studio $830/month+hydro, parking included. Heat: $1,201, Water: $1,108, Insurance: $1,724, Hydro: $830. That's a CAP rate of 4.97%!!! Perfect for an owner to occupy or as a fully tenanted rental investment. Discover the opportunity for yourself. Book your private showing today!
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