272 Berkeley St., Cabbagetown
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2 Self-Contained Units (formerly 3 units)
2+2 Bedrooms ∙ 3 Bathrooms
2,179 sq.ft. of Living Space
Lot 16.75′ x 51.67′ w/ bonus 28.08 x 19.96′
Welcome to 272 Berkeley St., Cabbagetown!
This home is in a walkable, gentrifying community, minutes to downtown. It is currently configured with 2 self-contained units with the owner occupying the lower unit, and a tenant in the upper unit. The capitalization rate calculation is included in the Additional Information section.
As per MPAC, the unit is considered to be a residential property with 3 self-contained units. The basement has a separate entrance, and the building has 3 hydro meters but only 2 are hooked up. The house could also be converted to a single family home. Houses on the street have sold in excess of $1.7m.
Built in 1875, this home is perfect for someone who loves heritage and character. Won in a poker game, this home has a double wide backyard!! The Dundas street car is 1 minute walk South and the Eaton’s Centre is 1.5km West. Central Cabbagetown is 650m North-East.
The lower unit has a living room and dining room, a kitchen overlooking the backyard, a bedroom and bathroom on the main floor. The basement at present is part of the lower unit and has a family room, a bedroom, and a 2nd bathroom. The unit has a back door that leads to a newly built large deck.
The upper unit is on the 2nd and 3rd floors. The 2nd floor has an open concept living room, dining room, and kitchen. The 3rd floor has large master bedroom, a den with a closet and a big 5 piece bathroom. The unit has its own laundry and a balcony with West exposure.
This home has a central location, great character, and sound economics.