531 DELAWARE AVENUE N, Toronto, Ontario

$3,195,000

10 Beds
10 Baths

Prime downtown Toronto investment opportunity. This well-maintained 6-plex features four spacious two-bedroom, two-bathroom units with in suite laundry and smart layouts that attract reliable tenants. A versatile laneway house adds bonus income potential for a total of 6 legal units. Built in 2022, this property is NOT subject to rent control. All units are occupied by professional AAA tenants, delivering a true set-it-and-forget-it stabilized asset with strong, predictable cash flow. Annual revenue of $179,400 with an impressive 5%+ cap rate. A rare opportunity in one of the city's most desirable urban cores. Do not let it pass you by. (id:50212)

Listing ID: C12843388
Property Type: Multi-family

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Rooms

Level	Type	Dimensions
Bathroom	Second level	Measurements not available
Bathroom	Second level	Measurements not available
Primary Bedroom	Second level	3.36 m x 3.36 m
Bedroom	Second level	2.74 m x 3.04 m
Kitchen	Second level	2.13 m x 4.26 m
Bathroom	Third level	Measurements not available
Bathroom	Third level	Measurements not available
Primary Bedroom	Third level	3.36 m x 3.36 m
Bedroom	Third level	2.74 m x 3.04 m
Kitchen	Third level	2.13 m x 4.26 m
Bedroom	Basement	2.13 m x 2.43 m
Kitchen	Basement	1.52 m x 3.65 m
Bathroom	Basement	Measurements not available
Bathroom	Basement	Measurements not available
Primary Bedroom	Basement	2.74 m x 2.74 m
Primary Bedroom	Main level	3.36 m x 3.36 m
Bathroom	Main level	Measurements not available
Bedroom	Main level	2.74 m x 3.04 m
Bathroom	Main level	Measurements not available
Kitchen	Main level	2.13 m x 4.26 m
Bathroom	Ground level	Measurements not available
Bathroom	Ground level	Measurements not available

Details

Equipment: Water Heater
Features: Carpet Free
Parking Spaces: 1
Rental Equipment: Water Heater
Transaction: For sale

Building

Appliances: Dishwasher, Dryer, Hood Fan, Stove, Washer, Refrigerator
BasementType: N/A
Basement Features: Apartment in basement
Bedrooms Main Level: 10
Cooling: Central air conditioning
Exterior Finish: Stucco
Fireplace Present: False
Foundation: Concrete
Bathrooms (Total): 10
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 3500 - 5000 sqft
Stories Total: 3
Type: Other
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 22 ft ,6 in
Size Irregular: 22.5 x 123.8 FT

Listing provided by Royal Lepage Real Estate Associates
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 531 DELAWARE AVENUE N in Toronto Ontario. It was last modified on March 4th, 2026. Contact The TanTeam to schedule a viewing or to discover other Toronto real estate for sale.

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