Five point eight percent cap rate! Rare opportunity to acquire a fully gutted and renovated, turnkey four-unit investment property in the heart of downtown Toronto, offering a strong five point eight percent cap rate and exceptional attention to detail throughout. Extensively upgraded while preserving the building's historic character. Upgrades include custom Ohio-made heritage brickwork (2023) matched to the original eighteen ninety brick dimensions, newer peak roof shingles (2024), updated acrylonitrile butadiene styrene drain systems with backflow prevention (2022), an interior weeping tile system (2022), and enhanced exterior stormwater drainage infrastructure (2022), new eaves (2023). The property features four fully gutted and renovated (2022/2025/2026) self-contained furnished apartments with separate entrances, modern finishes, programmable touchpad entry systems, centralized internet/network infrastructure, security cameras, a Doorbird smart entry system, forced air gas heating and air conditioning, and legal fire safety systems approved by certified installers. Units include a mix of private decks, barbecue areas, skylights, heated flooring (Apartment two - bedroom only), a gas fireplace, in-suite laundry, and updated kitchens and bathrooms. Currently configured as: two times two-bedroom units; one time one-bedroom unit; one time two-level owner's suite. Ideal for investors seeking stable income, furnished rental potential, multi-generational living or short/mid-term rental opportunities (buyer to verify use). One rear parking space included. Offered substantially furnished with only limited exclusions. One unit (owner occupied) will be vacant on closing.