Property Description

66, 66A & 68 Pembroke Street | A Very Rare Downtown Toronto Asset. Legally licensed and fully operational multi-residential accommodation property comprising three connected buildings, one single deed, and 39 income-producing accommodations. A rare, turn-key, high-density downtown Toronto portfolio of exceptional scale-an opportunity of this nature has not been offered in over 30 years. Steps from Yonge & Dundas, this strongly tenanted complex delivers immediate cash flow from a stable, low-turnover base of university students and young professionals. Select accommodations feature private 4-piece bathrooms, while some rooms include a dedicated in-suite hot-and-cold-water sink. Shared kitchens and washrooms serve the remaining accommodations. An on-site live-in housekeeper supports the day-to-day operation, tenant comfort, and orderly management of the property. Additional highlights include parking for three vehicles at the rear, exceptional access to transit and major universities, and a substantial downtown land holding in one of Toronto's most coveted locations-offering significant long-term appreciation and future redevelopment potential. (id:7434)