A Little Italy Triplex 🇮🇹
Exceptional Triplex in the Heart of Little Italy. Located on one of Little Italy's most coveted residential streets, 180 Beatrice Street presents a rare opportunity to own a Legal Triplex in one of Toronto's most vibrant and in-demand neighbourhoods. Just steps from College Street's restaurants, cafés, and transit, this property combines urban convenience with long-term investment stability. This extensively updated property features three self-contained units, each with private entrances, strong rental appeal, and excellent income potential. Unit 1 (main floor): 2 bed, 1 bath, currently rented at $3,280 (month-to-month). Unit 2 (upper two floors): Rented at $4,066/month to month. Lower unit (basement): Fully renovated in 2023, Rented $2,400/month. With premium rental rates, reliable tenants, and separate entrances for each suite, the property offers a seamless turnkey investment. Renovations to Units 1 and 2 were completed between 2018-2019. Additional highlights include: Two legal parking spaces, High-efficiency boiler and Mitsubishi heat pumps. Projected cap rate of approximately 4.79%This is a rare opportunity to secure a high-performing asset in one of Toronto's most enduring neighbourhoods. Whether you're a seasoned investor or planning to live in one unit while renting the others, 180 Beatrice delivers on both lifestyle and long-term value.
Renovations were done in Two phases, 2018-2019 and again in 2022
All permits are closed, and there are no current outstanding issues with the property.
2018 changes (Approx $330k spent)
-New roof
-New back deck
-Heat Pumps (For AC and backup heat installed)
-New Boiler and hot water system
-Radiators refinished (Removed, repainted, all valves replaced)
-Plumbing redone throughout - some existing pipes were left in place but approximately 90% of all the plumbing was replaced including the replacement of almost all the radiant heating system with new oxygen barrier certified pex
-Individual electricity metering for each unit
-Backflow valve and new connection to the city lines installed
-All new doors and windows throughout (inside and out)
-All new floors
-Basement underpinned, in-floor heating
-New kitchen and bathroom unit 2
-Exterior landscaping
-Property legalized from SFH to Duplex
2022 changes (Approx $150k spent)
-Gas stove removed and replaced with new electric unit 2
-Dishwasher replaced in Unit 2 and Unit 1
-Parking refinished (new asphalt)
-Mural in parking area
-Added a hot water expansion tank
-Basement unit created (legally, house is now a multiplex of 3 legal units), all new everything from the studs to the appliances
-Front concrete steps re-poured
-Front of house railings replaced
-Rough in for future heat pump added to basement (turns out AC isn't really needed, but ran the wiring for it)
Location