The property presents investors with an opportunity to acquire a 3-storey, 46-unit apartment building on 0.44 acres. Vaughan Gardens is located in midtown Toronto, in the coveted Humewood neighbourhood at the intersection of St. Clair West Avenue and Bathurst Street. The building benefits from being located on a quiet residential street, while being in close proximity to the amenities and conveniences along St. Clair West, and having immediate access to major roads, and the Yonge-University Subway line, making it perfect for commuters.
The property is a beautiful and well-maintained character building, with an inner courtyard garden oasis. Several improvements have been made, including kitchen and washroom upgrades in one third of the spacious suites, Toronto Fire Code building retrofits, electrical panel conversions and more. This presents a unique opportunity to further increase rents upon turnover.