$1,699,000

For saleJust listed

2275 Queen Street East, Toronto (The Beaches) - Single Family for Sale

2275 Queen Street East, Toronto (The Beaches), Ontario, M4E1G5

6 beds5 baths4 parking2,250 ft²23 × 110 ft (2,475 sq ft) lot sizeListed Today

Overview

This 6-bedroom, 5-bathroom home in Toronto is for sale offering roughly 2,250 sq ft of space. Its $1,699,000 asking price sits right in line with the $1,725,000 median in Toronto. It has been on the market 0 days, fresher than the Toronto average of 48 days.

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Description

Terrific Opportunity to Acquire a Well Maintained Semi-Detached Purpose Built Solid Brick Duplex (Main Floor 2 bdrm; 1 bath; parking; 1000+ sq ft)(2nd and 3rd floor 3bdrm; 2 bath with 2 car parking; 1300 sq ft) plus two accessory units, all in a great Queen St. East Prime Beach location in the very heart of the neighbourhood. With this CR Zoning (Commercial/Residential Uses), this property is perfect for a variety of uses, including (but not limited to) Professional Office(s) - Perfect for Live-in and Rent-Out; Work from home uses or keep as an sturdy Investment property. A unique flexible floor plan allows for multiple units, with 4-car parking at the rear of the building via wide public laneway (2 in Garages and 2 in front of garages). The Main Floor 2-bdrm unit offers a large rear private deck & front porch balcony. The 2nd/3rd floor (Owner's suite) boasts 3 bdrms & 2 baths, encompassing the bright 3-floor addition, with walkout to the balcony with great views overlooking Queen St. The basement has good height and currently contains 2 units (1 vacant) including a small bachelor apt. The long-time owners have upgraded many features, yet retained the lovely character including the wonderful oak trim & hardwood floors. This is one of the last remaining purpose-built duplexes on Queen St East, and is an exciting option for a savvy Investor. *Vacant Possession Possible**OFFICIAL PLAN DESIGNATED - MIXED USE (INCLUDING RESIDENTIAL) UNDER FORMER TORONTO BYLAW 438-86 **FLOOR PLANS IN ATTACHMENTS***Don't miss this Opportunity! (id:66096)

Property Details

MLS®: E14157364
Property Type: Single Family
Bedrooms: 6
Beds (above / below): 5 above · 1 below
Bathrooms: 5
Parking: 4
Interior Size: 2,250 ft²
Lot Size: 23 × 110 ft (2,475 sq ft)
Frontage: 23 ft
Storeys: 2
Basement: Full, Apartment in basement, Separate entrance, N/A, N/A
Heating: Natural gas
Cooling: Window air conditioner, None
Garage: Attached Garage, Garage, Tandem
Ownership: Freehold
Property Tax: $7,220.4/yr
Listed: Today

Rooms

Main level

Living room: 4.9 x 4.16 meters
Dining room: 2.75 x 4.16 meters
Kitchen: 2.06 x 4.16 meters
Bedroom: 3.58 x 2.91 meters
Bedroom: 3.5 x 2.68 meters

Third level

Bedroom: 6.52 x 5.41 meters

Lower level

Kitchen: 3.06 x 2.31 meters
Living room: 5.2 x 5.13 meters
Bedroom: 2.77 x 2.72 meters

Features

Appliances: Garage door opener remote(s), Water Heater
Flooring: Tile, Hardwood
Foundation: Poured Concrete
Exterior: Brick, Vinyl siding
Lot Features: Lane

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (The Beaches) listings, avg age

48d

Price / ft²

$755

List price

$1.70M

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 6-bed single family in Toronto (The Beaches) has been listed for 0 days, which is 48 days fresher than the city average of 48. Act while there is still low competition.

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Listed by ROYAL LEPAGE ESTATE REALTY · THOMAS D. NEAL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4E)

This home lists at $1,699,000, about 15.2× the local median household income of $112,000.

Carrying it typically needs a household income of about $331,874 (20% down, 25-yr amortization, stress-tested) — roughly 196% above the area median.

Median household income: $112,000
Population: 25,473
Median age: 42.8
Owner / renter: 64% / 36%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M4E)

$1,699,000· $755/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $339,800

Min 20%50%

Mortgage payment$7,246/mo

Property tax (est.)$602/mo

Total monthly$7,848

Cash Needed to Close

Down payment (20%)$339,800

Land transfer tax$60,910

Est. closing costs$7,597

Total cash needed$408,307

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