$1,799,000

For sale

1342 Avenue Road, Toronto (Lawrence Park South) - Single Family for Sale

1342 Avenue Road, Toronto (Lawrence Park South), Ontario, M5N2H2

6 beds3 baths4 parking4,250 ft²37 × 102 ft (3,784 sq ft) lot sizeListed 27 days ago

Overview

This 6-bedroom, 3-bathroom home in Toronto is for sale offering roughly 4,250 sq ft of space. It has been on the market 27 days, fresher than the Toronto average of 40 days.

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Description

Great opportunity to own a beautiful legal triplex in a highly sought-after area. This building includes three self-contained apartments. Main floor unit is vacant and ready for occupancy. Perfect for a live-in user. Basement can be converted into another unit for additional income. Garage spaces for two cars and two outdoor parking spots. Laundry room and storage is located in the basement. Main floor is vacant, second and third-floor apartments are occupied. This property presents a unique opportunity to live in while providing a good rental income. Tenant demand in this area is high. Vacancies typically draw multiple qualified applications. This is a very rare opportunity. Income and expense statement is available. (id:66096)

Property Details

MLS®: C13878162
Property Type: Single Family
Bedrooms: 6
Beds (above / below): 6 above · 0 below
Bathrooms: 3
Parking: 4
Interior Size: 4,250 ft²
Lot Size: 37 × 102 ft (3,784 sq ft)
Frontage: 37 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Radiant heat, Natural gas
Cooling: Window air conditioner
Garage: Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $10,957.2/yr
Listed

Rooms

Main level

Living room: 4 x 5.7 meters
Dining room: 3.99 x 4.35 meters
Kitchen: 3.95 x 2.37 meters
Primary Bedroom: 3.22 x 3.47 meters
Bedroom 2: 3.22 x 3.47 meters

Third level

Living room: 4.9 x 8.17 meters
Primary Bedroom: 4.6 x 2.64 meters
Bedroom 2: 3.8 x 2.96 meters
Kitchen: 4.96 x 2.84 meters

Second level

Features

Appliances: Washer, Refrigerator, Stove, Dryer
Flooring: Hardwood
Foundation: Block
Exterior: Brick
Lot Features: Irregular lot size

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

27d

Toronto (Lawrence Park South) listings, avg age

40d

Price / ft²

$423

List price

$1.80M

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.

Haho

This 6-bed single family in Toronto (Lawrence Park South) has been listed for 27 days, which is 13 days fresher than the city average of 40. Act while there is still low competition.

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Listed by RE/MAX PREMIER INC. · TONY ZINGARO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5N)

This home lists at $1,799,000, about 16.4× the local median household income of $110,000.

Carrying it typically needs a household income of about $351,408 (20% down, 25-yr amortization, stress-tested) — roughly 219% above the area median.

Median household income: $110,000
Population: 16,154
Median age: 41.6
Owner / renter: 49% / 51%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M5N)

$1,799,000· $423/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $359,800

Min 20%50%

Mortgage payment$7,672/mo

Property tax (est.)$913/mo

Total monthly$8,585

Cash Needed to Close

Down payment (20%)$359,800

Land transfer tax$64,910

Est. closing costs$7,897

Total cash needed$432,607

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