$3,495,000
Toronto
159 - 163 Briar Hill Avenue, Toronto (Lawrence Park South), Ontario, M4R1H8
This 6-bedroom, 4-bathroom home in Toronto is for sale offering roughly 4,250 sq ft of space. It has been on the market 1 day, fresher than the Toronto average of 41 days.
Exceptional LYTTON PARK / Yonge & Eglinton Investment Opportunity - Two Lots, Endless Potential! Rarely does an opportunity like this come along in the highly sought-after neighbourhood. Presenting 159 & 163 Briar Hill Avenue, two adjoining semi-detached properties offered together, featuring a combined 46 x 131.50 ft lot on the south side of the street. Partially tenanted and generating excellent monthly income, this unique offering presents an outstanding opportunity for investors seeking strong holding potential with future redevelopment possibilities. The two properties feature over 3,900 sq. ft. of total above-grade living space across four fully renovated residential units plus the potential for add additional units in the basement and/or a garden suite. At 159, the main floor offers a 570 sq. ft. one-bed, one-bath apartment, while the upper levels feature a spacious 1,375 sq. ft. two-bed, one-bath suite spanning the second and third floors, complete with a private rooftop deck. At 163, the thoughtfully mirrored layout includes a 590 sq. ft. one-bed, one bath apartment and a 1,370 sq. ft. two-bed, one-bath upper-level suite, also featuring its own rooftop deck. All four units have been fully renovated, offering modern, move-in-ready accommodations and an attractive income-producing asset. Additional features include an outdoor kitchen, ensuite laundry in the two upper units and shared lower level laundry for the main floor units & convenient rear parking for up to four vehicles. Ideally positioned in one of Toronto's most desirable and established neighbourhoods, close to all the conveniences of Yonge & Eglinton including transit, shops, restaurants and everyday amenities plus fabulous public & private schools (zoned for Allenby PS). Whether held as a lucrative long-term investment or explored for future redevelopment potential, this is a rare opportunity to secure two adjoining properties with exceptional flexibility and upside in a premier Toronto location. (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 1 day on market, against an average age of 41 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 6-bed single family in Toronto (Lawrence Park South) has been listed for 1 day, which is 40 days fresher than the city average of 41. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $3,495,000, about 32.7× the local median household income of $107,000.
Carrying it typically needs a household income of about $682,696 (20% down, 25-yr amortization, stress-tested) — roughly 538% above the area median.
Source: Statistics Canada, 2021 Census (FSA M4R)
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