$1,788,000

For sale

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20 Concord Avenue, Toronto (Palmerston-Little Italy) - Multi-family for Sale

20 Concord Avenue, Toronto (Palmerston-Little Italy), Ontario, M6H2P1

5 beds3 baths0 parking ft²

261 Grace Street, Toronto (Palmerston-Little Italy), Ontario, M6G3A7

5 bd3 ba2 pk1,750 ft²Lot size 18 × 105 ft (1,848 sq ft)

Listed by RIGHT AT HOME REALTY

28 Concord Avenue, Toronto (Palmerston-Little Italy), Ontario, M6H2P1

For sale

21 days ago

$1.45M

28 Concord Avenue, Toronto (Palmerston-Little Italy), Ontario, M6H2P1

6 bd4 ba1 pk2,250 ft²Lot size 25 × 137 ft (3,425 sq ft)

Listed by ROYAL LEPAGE WEST REALTY GROUP LTD.

452 Montrose Avenue, Toronto (Palmerston-Little Italy), Ontario, M6G3H1

For sale

113 days ago

$3.05M

452 Montrose Avenue, Toronto (Palmerston-Little Italy), Ontario, M6G3H1

6 bd5 baLot size 18 × 120 ft (2,148 sq ft)

725 Dovercourt Road, Toronto (Palmerston-Little Italy), Ontario, M6H2W7

2 ba5 pk2,250 ft²

Listed by ROYAL LEPAGE SIGNATURE REALTY

Investment analysis

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$1,788,000

Toronto

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20 × 137 ft (2,740 sq ft) lot size

Overview

This multi-family property in Toronto is for sale offering roughly 1,750 sq ft of space. It has been on the market 16 days, fresher than the Toronto average of 55 days.

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

Description

Prime Little Italy! Large detached duplex on MPAC-perfect investor vehicle or live/rent option. Completely renovated main, 2nd, & 3rd floors feature new flooring, 2 new kitchens, & 2 new washrooms. Spanning multiple levels, the upper unit boasts a new subfloor. Currently generating $5,600/mo ($2,500 main / $3,100 upper) with leases ending Dec. Finish the basement or extend the rear like neighbors for maximum income potential. Steps to College St! (id:66096)

Property Details

MLS®: C14093274
Property Type: Multi-family
Bedrooms: 5
Beds (above / below): 4 above · 1 below
Bathrooms: 3
Parking: 0
Interior Size: 1,750 ft²
Lot Size: 20 × 137 ft (2,740 sq ft)
Frontage: 20 ft
Storeys: 2
Basement: Unfinished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $8,695/yr
Listed: 16 days ago

Rooms

Third level

Bedroom 4: 3.05 x 2.79 meters
Bedroom 3: 3.3 x 3.3 meters

Basement

Recreational, Games room: 7.37 x 4.27 meters
Other: 3.96 x 2.34 meters

Main level

Living room: 4.5 x 3.25 meters
Dining room: 3.35 x 2.87 meters
Kitchen: 3.89 x 2.67 meters
Bedroom: 3.94 x 3.23 meters

Second level

Kitchen: 3.76 x 2.87 meters
Dining room: 2.9 x 2.26 meters
Living room: 2.9 x 2.62 meters
Bedroom 2: 3.4 x 2.13 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Dishwasher, Dryer, Microwave, Two stoves, Window Coverings, Two Washers, Two Refrigerators
Flooring: Laminate, Carpeted, Ceramic
Foundation: Unknown
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 (Palmerston-Little Italy) listings, avg age

55d

Price / ft²

$1,022

List price

$1.79M

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 (Palmerston-Little Italy) has been listed for 16 days, which is 39 days fresher than the city average of 55. Act while there is still low competition.

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Listed by KELLER WILLIAMS REFERRED URBAN REALTY · WINSTON XU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6H)

This home lists at $1,788,000, about 21.5× the local median household income of $83,000.

Carrying it typically needs a household income of about $349,259 (20% down, 25-yr amortization, stress-tested) — roughly 321% above the area median.

Median household income: $83,000
Population: 43,730
Median age: 38.4
Owner / renter: 49% / 52%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M6H)

$1,788,000· $1,022/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $357,600

Min 20%50%

Mortgage payment$7,625/mo

Property tax (est.)$725/mo

Total monthly$8,350

Cash Needed to Close

Down payment (20%)$357,600

Land transfer tax$64,470

Est. closing costs$7,864

Total cash needed$429,934

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