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$1,949,000
Toronto
1049 Glencairn Avenue, Toronto (Yorkdale-Glen Park), Ontario, M6B2B1
This multi-family property in Toronto is for sale offering roughly 1,165 sq ft of space.
An exceptional investment opportunity in one of Midtown Toronto's most prestigious and sought-after communities. Situated on a quiet, tree-lined street with a mature, this property offers incredible versatility for investors, and builders. This oversized lot may offer the potential to be severed into two building lots. Whether you're looking to redevelop, build a custom dream home, or capitalize on the existing layout, the potential here is undeniable. The property features 3 separate newly renovated units, making it ideal to generate immediate cash flow while planning future development. Perfectly positioned with easy access to major highways, seamless connectivity via TTC transit, and just minutes to downtown and key midtown business districts. Enjoy proximity to top-rated public and private schools, as well as premier shopping and dining options. A rare infill opportunity in a high-demand neighbourhood-ideal for custom builders, savvy investors, or those seeking long-term growth and strong rental potential. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 71 days on market, against an average age of 71 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This multi-family in Toronto (Yorkdale-Glen Park) has been listed for 71 days, right at the city average. A solid opportunity worth looking into.
Approximate location — exact address confirmed upon showing
This home lists at $1,949,000, about 22.7× the local median household income of $86,000.
Carrying it typically needs a household income of about $380,708 (20% down, 25-yr amortization, stress-tested) — roughly 343% above the area median.
Source: Statistics Canada, 2021 Census (FSA M6B)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice