149 Carlaw: A Lucrative Property Investment Opportunity in Vibrant Leslieville
149 Carlaw: A Lucrative Property Investment Opportunity in Vibrant Leslieville
Situated in the heart of Leslieville, one of Toronto's most sought-after neighborhoods, 149 Carlaw Avenue presents an exceptional property investment opportunity. This fully renovated property boasts a prime location surrounded by a wealth of amenities, including restaurants, shops, gyms, cafes, and easy access to the future subway line. With a well-designed layout, multiple rental units, and the potential for additional income through a laneway house, this property offers a compelling proposition for investors looking to maximize their returns and homeowners seeking to offset their living costs. Let's delve into the reasons why 149 Carlaw is an excellent investment choice.
Location, Location, Location:
Leslieville is renowned for its vibrant atmosphere and trendy lifestyle. With its close proximity to a myriad of amenities, including entertainment options and recreational facilities, 149 Carlaw is perfectly positioned to attract tenants and potential buyers. The neighborhood's popularity ensures high demand and potentially increased property value over time, making it a sound investment choice.
Renovated and Exquisite Design:
The property at 149 Carlaw Avenue has undergone a complete renovation, resulting in a beautiful and modern living space. The attention to detail and quality craftsmanship contribute to its appeal for both tenants and homeowners. Aesthetically pleasing interiors enhance the rental value and overall desirability of the property.
Rental Income Potential:
With two separate units, including a basement apartment and a spacious 3-bedroom unit, 149 Carlaw provides the opportunity to generate substantial rental income. The basement unit, equipped with its own bedroom, bathroom, and laundry facilities, offers a self-contained living space ideal for attracting tenants. Simultaneously, the 3-bedroom unit, featuring luxurious amenities and a stunning kitchen, appeals to families or individuals seeking a comfortable and upscale residence. The combined rental potential of these units plus the laneway house, could generate a monthly income of approximately $11,000, presenting an excellent return on investment.
Additional Income with Laneway House:
One of the most exciting features of 149 Carlaw is the possibility to build a 1160 sqft laneway house. This presents a valuable opportunity to further increase rental income or provide an additional living space. With the growing popularity of laneway housing in Toronto, investing in such a project can yield substantial returns in terms of rental revenue or potential resale value.
Cost-Effective Living Solution:
For individuals or families looking to reduce their cost of living, 149 Carlaw offers an attractive solution. By residing in one of the units while renting out the others, homeowners can significantly offset their mortgage expenses or even achieve cash flow positivity. This financial advantage, coupled with the desirability of the location, further solidifies the property's appeal as an investment opportunity.
In the heart of Leslieville, 149 Carlaw Avenue represents a prime property investment option. Boasting a convenient location, exceptional renovations, multiple rental units, and the potential for additional income through a laneway house, this property promises substantial returns for both investors and homeowners. Whether you're looking to diversify your investment portfolio or seeking a cost-effective living arrangement, 149 Carlaw offers an enticing opportunity to capitalize on the thriving Toronto real estate market. Don't miss out on this lucrative investment prospect in Leslieville's bustling community.
Recent Posts
GET MORE INFORMATION
