$2,299,000

For sale

Book a showing

1349/1351 Queen Street East, Toronto (Greenwood-Coxwell) - Multi-family for Sale

1349/1351 Queen Street East, Toronto (Greenwood-Coxwell), Ontario, M4L1C7

10 beds6 baths2 parking ft²

361 Highfield Road, Toronto (Greenwood-Coxwell), Ontario, M4L2V7

4 bd3 ba6 pk1,300 ft²Lot size 26 × 100 ft (2,603 sq ft)

Listed by HC REALTY GROUP INC.

85 Woodfield Road, Toronto (Greenwood-Coxwell), Ontario, M4L2W5

For sale

16 days ago

$1.09M

85 Woodfield Road, Toronto (Greenwood-Coxwell), Ontario, M4L2W5

4 bd2 ba1,300 ft²Lot size 25 × 120 ft (3,000 sq ft)

Listed by REMAX YOUR COMMUNITY REALTY

301 Rhodes Avenue, Toronto (Greenwood-Coxwell), Ontario, M4L3A4

For sale

20 days ago

$2.50M

301 Rhodes Avenue, Toronto (Greenwood-Coxwell), Ontario, M4L3A4

7 bd4 ba4 pk1,750 ft²Lot size 28 × 110 ft (3,124 sq ft)

Listed by FIRST CLASS REALTY INC.

For sale

95 days ago

$1.35M

361 Highfield Road, Toronto (Greenwood-Coxwell), Ontario, M4L2V7

4 bd3 ba6 pk1,300 ft²Lot size 26 × 100 ft (2,603 sq ft)

Listed by HC REALTY GROUP INC.

Investment analysis

Rental cashflow calculator

Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.

Estimated monthly rent

Enter the monthly rent you expect, or adjust our estimate.

Down payment (%)

Rate (%)

Amortization (yrs)

Property tax (/ yr)

Condo fee (/ mo)

Insurance (est. / mo)

Maint. + vacancy (est. / mo)

Enter an estimated monthly rent to see the cashflow.

Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.

$2,299,000

Toronto

Book a showing

43 × 100 ft (4,251 sq ft) lot size

Overview

This multi-family property in Toronto is for sale. It has been on the market 16 days, fresher than the Toronto average of 51 days.

Multi-Family Properties for Sale in Toronto →All real estate in Toronto →

Description

6-Plex Investor Opportunity With Excellent Development Potential In The Heart Of The Trendy Leslieville Neighbourhood. Situated On A 42 X 100 Ft Lot, This Property Offers Potential For Additional Storeys, Condo, Apartment Or Hotel Development, With Mixed-Use Commercial Space At The Base. Just Steps From Vibrant Queen St. East, Enjoy Easy Access To Some Of The City's Best Restaurants, Cafes And Shops. Potential Cap Rate Of 6% At Current Market Rents. Fully Tenanted With Roughly $8,900 Monthly Income. Floorplans, Survey, Exterior Photos Available. AS IS WHERE IS . Vacant Possession. Ability To Sever Lot. 1349 & 1351 Queen St E. Are Adjoining Lots. (id:66096)

Property Details

MLS®: E14095108
Property Type: Multi-family
Bedrooms: 10
Beds (above / below): 5 above · 5 below
Bathrooms: 6
Parking: 2
Interior Size: 5,000+ ft²
Lot Size: 43 × 100 ft (4,251 sq ft)
Frontage: 43 ft
Storeys: 3
Basement: Unfinished, N/A
Heating: Other
Cooling: None
Garage: Garage, Other
Property Tax: $11,869/yr
Listed: 16 days ago

Features

Appliances: Refrigerator, Stove
Foundation: Block
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Toronto (Greenwood-Coxwell) listings, avg age

51d

List price

$2.30M

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 10-bed multi-family in Toronto (Greenwood-Coxwell) has been listed for 16 days, which is 35 days fresher than the city average of 51. Act while there is still low competition.

Set a price alert Book a showing

Listed by PSR · DAVID SHIRAZI RAD

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4L)

This home lists at $2,299,000, about 22.8× the local median household income of $101,000.

Carrying it typically needs a household income of about $449,075 (20% down, 25-yr amortization, stress-tested) — roughly 345% above the area median.

Median household income: $101,000
Population: 32,218
Median age: 40.8
Owner / renter: 61% / 39%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M4L)

$2,299,000

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment20% · $459,800

Min 20%50%

Mortgage payment$9,805/mo

Property tax (est.)$989/mo

Total monthly$10,794

Cash Needed to Close

Down payment (20%)$459,800

Land transfer tax$87,900

Est. closing costs$9,397

Total cash needed$557,097

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice