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$1,495,000
Toronto
1364 WILSON Avenue, Toronto, Ontario, M3M1H8
This multi-family property in Toronto is for sale offering roughly 3,750 sq ft of space.
Incredible turn key investment opportunity with strong CAP rate in convenient North York Downsview neighbourhood, just a short distance from Humber River Hospital, public transit, 401 access and Sheridan Mall. Legal 4 Plex with city approval. Top two apartments offer generous 3 bedroom $1815+hydro and 3 bedroom + den $1825+hydro (both long term tenants under market rent) both with private 17.5 ft wide balconies. 2 - 1 bedroom units $1900+hydro and $1450 including hydro. 3 storage lockers and shared coin operated laundry in basement. Large backyard common area. 4 hydro meters, tankless owned water heater, 6 parking spots. Building has been updated throughout. Excellent, long term AAA Tenants. Don't miss out on this rarely offered investment. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 57 days on market, against an average age of 58 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 8-bed multi-family in Toronto has been listed for 57 days, which is 1 days fresher than the city average of 58. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,495,000, about 20.2× the local median household income of $74,000.
Carrying it typically needs a household income of about $292,026 (20% down, 25-yr amortization, stress-tested) — roughly 295% above the area median.
Source: Statistics Canada, 2021 Census (FSA M3M)
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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