$1,730,000

$1,899,000For salePrice drop↓ $169,000 (9%)

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2265 Kipling Avenue, Toronto (Rexdale-Kipling) - Multi-family for Sale

2265 Kipling Avenue, Toronto (Rexdale-Kipling), Ontario, M9W4L5

8,019 ft²Listed 128 days ago

Overview

This multi-family property in Toronto is for sale offering roughly 8,019 sq ft of space.

44 Leduc Drive, Toronto (Rexdale-Kipling), Ontario, M9W2A9

6 bd3 ba4 pk2,250 ft²Lot size 35 × 145 ft (5,075 sq ft)

Listed by HOMELIFE/MIRACLE REALTY LTD

Investment analysis

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$1,730,000

Toronto

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Description

Well Maintained Etobicoke Apartment Building in High Demand Rental Area. 6 Plex with a Variety Mix of Units. 2x3 Bedroom. 3x2 Bedroom and 1 Bachelor Apartment with Separate Hydro Meters for Each Unit. Comes with 3 Car Detached Garage and Additional On Side parking. Steps to Public Transit, Schools, Shopping and More. Easy to Manage and would be a great addition to Anyones Investment Portfolio. All Appliances and LFC Sold in "as is" Condition. (id:66096)

Market Timing

Days on market

128d

Toronto (Rexdale-Kipling) listings, avg age

61d

Price / ft²

$216

List price

$1.73M

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.

Area context

Neighbourhood profile (M9W)

This home lists at $1,730,000, about 20.4× the local median household income of $85,000.

Carrying it typically needs a household income of about $337,930 (20% down, 25-yr amortization, stress-tested) — roughly 298% above the area median.

Median household income: $85,000
Population: 40,977
Median age: 38.8
Owner / renter: 58% / 42%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA M9W)

$1,730,000· $216/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $346,000

Min 20%50%

Mortgage payment$7,378/mo

Property tax (est.)$574/mo

Total monthly$7,952

Cash Needed to Close

Down payment (20%)$346,000

Land transfer tax$62,150

Est. closing costs$7,690

Total cash needed$415,840

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

2265 Kipling Avenue, Toronto (Rexdale-Kipling) - Multi-family for Sale

Rental cashflow calculator

Description

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Neighbourhood profile (M9W)

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