5 Sorauren Avenue, Toronto (Roncesvalles), Ontario, M6R2C6

For sale

34 days ago

$4.30M

5 Sorauren Avenue, Toronto (Roncesvalles), Ontario, M6R2C6

14 bd7 ba4,250 ft²Lot size 33 × 98 ft (3,185 sq ft)

Listed by JDL REALTY INC.

132 Marion Street, Toronto (Roncesvalles), Ontario, M6R1E7

For sale

34 days ago

$1.90M

132 Marion Street, Toronto (Roncesvalles), Ontario, M6R1E7

7 bd5 ba6 pk3,250 ft²Lot size 37 × 133 ft (4,865 sq ft)

Listed by ROYAL LEPAGE SIGNATURE REALTY

Investment analysis

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$1,499,000

Toronto

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$1,499,000

For sale

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23 Abbs Street, Toronto (Roncesvalles) - Multi-family for Sale

23 Abbs Street, Toronto (Roncesvalles), Ontario, M6K1M5

3 beds4 baths2 parking2,250 ft²36 × 70 ft (2,520 sq ft) lot sizeListed 27 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 27 days, fresher than the Toronto average of 45 days.

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

Description

Ideal For An Investor Seeking A Turnkey Triplex Or An End User Looking To Live In One Unit While Renting Out The Rest To Offset Their Mortgage. Income Analysis Attached. Income of $89,102. Expenses of $29,276. NOI of $59,826. Excellent Investment Opportunity In The Highly Sought After Queen West Neighbourhood! Beautifully Maintained & Upgraded Triplex Featuring A Renovated Owner's Suite (1,316 sq ft) With Hardwood Flooring, Modern Kitchen With Stainless Steel Appliances, Finished Basement, Spacious Primary Bedroom, And Walk-Out To Private Patio. Two Second-Floor Tenant Apartments (1,165 sq ft) Offer Separate Entrances, Kitchens, Four-Piece Baths, Open-Concept Living Spaces And Private Patios. Potential To Reconfigure Into Four Units. Currently Fully Tenanted With One Of The Smaller Upper Units Becoming Vacant in November. Option To Maintain Vacant For Owner Occupier Or Rent At A Higher Rental Rate. Located On A Charming, Private Cul-De-Sac Just Steps To Queen Street, Dundas West, And Roncesvalles, With Easy Access To Shops, Restaurants, And Transit. (id:66096)

Property Details

MLS®: W13876226
Property Type: Multi-family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 4
Half Baths: 1
Parking: 2
Interior Size: 2,250 ft²
Lot Size: 36 × 70 ft (2,520 sq ft)
Frontage: 36 ft
Storeys: 2
Basement: Finished, Partial
Heating: Natural gas
Cooling: Wall unit
Garage: No Garage
Property Tax: $8,425.08/yr
Listed: 27 days ago

Rooms

Second level

Dining room: 2.92 x 2.26 meters
Kitchen: 2.84 x 3.1 meters
Primary Bedroom: 5.56 x 2.72 meters
Living room: 3.63 x 3.53 meters
Dining room: 3.33 x 3.53 meters
Kitchen: 2.44 x 2.87 meters
Primary Bedroom: 2.92 x 2.79 meters
Living room: 2.08 x 4.65 meters

Ground level

Living room: 4.83 x 3.48 meters
Dining room: 8.28 x 3.48 meters

Features

Flooring: Hardwood, Parquet, Ceramic, Porcelain Tile
Foundation: Block
Exterior: Wood, Stucco
Lot Features: Cul-de-sac

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

27d

Toronto (Roncesvalles) listings, avg age

45d

Price / ft²

$666

List price

$1.50M

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 3-bed multi-family in Toronto (Roncesvalles) has been listed for 27 days, which is 18 days fresher than the city average of 45. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · ANTONY MALFARA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6K)

This home lists at $1,499,000, about 20.8× the local median household income of $72,000.

Carrying it typically needs a household income of about $292,807 (20% down, 25-yr amortization, stress-tested) — roughly 307% above the area median.

Median household income: $72,000
Population: 42,110
Median age: 35.6
Owner / renter: 31% / 69%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M6K)

$1,499,000· $666/ft²

For sale

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Full Cost Breakdown

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Down Payment8.33% · $124,900.00

Min 8.33%50%

Mortgage payment$7,618/mo

↳ CMHC premium ($54,964 capitalized)

Property tax (est.)$702/mo

Total monthly$8,320

Cash Needed to Close

Down payment (8.33%)$124,900

Land transfer tax$52,910

Est. closing costs$6,997

Total cash needed$184,807

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