49 Jerome Street

About This Property

Welcome to a great investment opportunity nestled in the sought-after family-friendly enclave of High Park North. This legal 4-plex stands out with its recently spruced up curb appeal, offering a blend of classic charm and functionality, with its high ceilings, big windows and attractive floor plan. Set on a tree-lined street in a highly desirable and connected west Toronto pocket, this property is perfectly positioned near a range of amenities, top-rated schools, and vibrant community spots. Currently, three of the units are occupied at strong market rents, while the fourth unit, previously used personally by the sellers, is ready for immediate rental. The entire building has been carefully updated over the years, with significant upgrades including modernized electrical systems, an underpinned basement, a five-year-old roof, and a completely rebuilt front porch and upper deck. Each apartment has also seen thoughtful updates, enhancing both comfort and appeal. Good cap rate of around 5.0%. - { Bsmt 1Bed 686 sqft | Main flr 3bed 928sqft | 2nd flr 3Bed 867 sqft | 3rd Flr 1bed 752sqft } Fully underpinned and Waterproofed basement w 8ft ceiling, fully updated electrical.