$1,899,000
Toronto
1213 Weston Road, Toronto (Mount Dennis), Ontario, M6M4P7
This multi-family property in Toronto is for sale offering roughly 2,600 sq ft of space. It has been on the market 20 days, fresher than the Toronto average of 63 days.
Exceptional mixed-use investment opportunity in the rapidly evolving Mount Dennis community. 1213-1215 Weston Rd features 5 residential apartments and 1 retail unit, offering strong and stable cash flow with remarkably low operating expenses. Fully renovated and fire retrofitted, this turnkey asset benefits from updated mechanical systems and efficiencies rarely found in buildings of this scale.The residential component consists of two spacious 2-bedroom upper units and three well-designed 1-bedroom main/lower units, all featuring good height ceilings, bright interiors, and updated kitchens. Ample on-site parking further enhances tenant and retail appeal. Positioned on a 32.72 x 100 ft lot in one of Toronto's fastest-transforming west-end neighbourhoods, the property stands to benefit from significant infrastructure and transit investment underway throughout the area. Located just minutes from the growing Mount Dennis mobility hub, the neighbourhood is being reshaped by the opening of the Eglinton Crosstown LRT and the future Eglinton Crosstown West Extension, connecting residents to TTC, GO Transit, and UP Express services with improved access across the GTA and Pearson Airport. The broader Mount Dennis and Weston corridor continues to see substantial revitalization, transit-oriented growth, and new residential development, reinforcing long-term upside and tenant demand in the area. A rare opportunity to acquire a stabilized, low-maintenance mixed-use asset with strong fundamentals in a neighbourhood positioned for continued growth, possible land assembly and infrastructure investment. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 20 days on market, against an average age of 63 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 (Mount Dennis) has been listed for 20 days, which is 43 days fresher than the city average of 63. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,899,000, about 26.6× the local median household income of $71,500.
Carrying it typically needs a household income of about $370,941 (20% down, 25-yr amortization, stress-tested) — roughly 419% above the area median.
Source: Statistics Canada, 2021 Census (FSA M6M)
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Loading rates, 30-yr amortization
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