Benefit from a remarkable 95-transit score, making this location a true rider’s paradise with effortless access to both the UP Express and the Subway within minutes. This prime accessibility significantly enhances the appeal for future tenants.

The property is also conveniently close to local shopping on Bloor Street and Toronto’s beloved High Park. 49 Jerome St. seamlessly blends suburban tranquility with urban convenience, ensuring it remains highly desirable for both current and prospective tenants.

Learn more about High Park with our neighbourhood guide right here.

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 after a small update.

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.

With a solid cap rate of 5%, this property promises strong financial returns. Additionally, there is exciting potential for future expansion.

The current owners had planned a third-floor addition, and architectural drawings for this expansion will be made available to the buyer. This offers an opportunity to increase rental income and property value further.