83 Lawrence Avenue East, Toronto (Lawrence Park South), Ontario, M4N1S5

For sale

49 days ago

$2.00M

83 Lawrence Avenue East, Toronto (Lawrence Park South), Ontario, M4N1S5

3 bd2 ba10 pk1,750 ft²Lot size 50 × 150 ft (7,500 sq ft)

Listed by REALTY ONE GROUP REVEAL

97 Glengrove Avenue West, Toronto (Lawrence Park South), Ontario, M4R1N8

For sale

62 days ago

$7.75M

97 Glengrove Avenue West, Toronto (Lawrence Park South), Ontario, M4R1N8

8 bd5 ba4 pk5,000 ft²Lot size 60 × 165 ft (9,900 sq ft)

Listed by Enas Awad

Investment analysis

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$1,799,000

Toronto

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$1,799,000

For sale

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1393 Avenue Road, Toronto (Lawrence Park South) - Multi-family for Sale

1393 Avenue Road, Toronto (Lawrence Park South), Ontario, M5N2H3

5 beds3 baths6 parking2,250 ft²38 × 56 ft (2,108 sq ft) lot sizeListed 21 days ago

Overview

This multi-family property in Toronto is for sale offering roughly 2,250 sq ft of space. It has been on the market 21 days, fresher than the Toronto average of 40 days.

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

Description

Situated in prime Lytton Park, this lovely Tudor style triplex presents an excellent income generating investment opportunity in one of Toronto's most sought after neighbourhoods. Fully tenanted & well cared for, this property is steps from John Ross Robertson & Havergal College. Two spacious above grade units feature hardwood flooring, lead glass windows & gas fireplaces. The lower unit has pot lights and a combined kitchen and living room. Surrounded by mature trees & multi million dollar homes, the property is conveniently located near the amenities of Avenue Road and Yonge Street and steps to the Avenue Road express bus for an easy commute downtown. All tenants are on month to month leases & would love to stay, offering immediate rental income & strong long term value. Parking is exceptional, with a deeded double car garage & private drive off Glenview Avenue accommodating up to 6 cars. Tenants enjoy the proximity to the beautiful walking trails through the Chatsworth ravine. See Income and Expenses in the attachment on line. The attached semi, is currently single family home, but is zoned duplex and was a triplex in the past. It can be purchased together with the adjacent property (MLS #C14031616). Photos of the main and second level are virtually staged. (id:66096)

Property Details

MLS®: C14031602
Property Type: Multi-family
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 3
Parking: 6
Interior Size: 2,250 ft²
Lot Size: 38 × 56 ft (2,108 sq ft)
Frontage: 38 ft
Storeys: 2
Basement: Apartment in basement, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Fireplace: Yes
Property Tax: $8,202.55/yr
Listed: 21 days ago

Rooms

Main level

Living room: 3.87 x 5.15 meters
Dining room: 3.87 x 3.38 meters
Kitchen: 5.09 x 2.29 meters
Primary Bedroom: 4.27 x 2.84 meters
Bedroom 2: 2.9 x 3.69 meters

Lower level

Kitchen: 3.87 x 3.6 meters
Living room: 3.87 x 3.51 meters
Dining room: 3.87 x 1.55 meters
Primary Bedroom: 4.91 x 4.63 meters

Second level

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Flooring: Hardwood
Foundation: Concrete
Exterior: Brick, Stucco

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Toronto (Lawrence Park South) listings, avg age

40d

Price / ft²

$800

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 5-bed multi-family in Toronto (Lawrence Park South) has been listed for 21 days, which is 19 days fresher than the city average of 40. Act while there is still low competition.

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Listed by BOSLEY REAL ESTATE LTD. · LORRAINE M. SMITH

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· $800/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.)$684/mo

Total monthly$8,356

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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