$1,100,000

For sale

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23 Paton Road, Toronto (Dovercourt-Wallace Emerson-Junction) - Multi-family for Sale

23 Paton Road, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H1R7

3 beds3 baths3 parking ft²

48 Wallace Avenue, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H1T5

6 bd3 ba2 pk2,250 ft²Lot size 30 × 124 ft (3,720 sq ft)

Listed by RIGHT AT HOME REALTY

12 Sarnia Avenue, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6P3P3

For sale

13 days ago

$1.23M

12 Sarnia Avenue, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6P3P3

4 bd4 ba1 pk1,300 ft²Lot size 16 × 90 ft (1,440 sq ft)

Listed by PROPERTY.CA INC.

1063 Dufferin Street, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H4B5

For sale

25 days ago

$1.10M

1063 Dufferin Street, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H4B5

5 bd3 ba1,750 ft²Lot size 18 × 138 ft (2,429 sq ft)

Listed by ANJIA REALTY

837 Gladstone Avenue, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H3J7

For salePrice drop

35 days ago

$1.47M$1.57M

↓ $100K (6%) price drop

837 Gladstone Avenue, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H3J7

5 bd3 ba3 pk2,250 ft²Lot size 21 × 160 ft (3,312 sq ft)

Listed by RE/MAX HALLMARK REALTY LTD.

Investment analysis

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$1,100,000

Toronto

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15 × 113 ft (1,736 sq ft) lot size

Overview

This multi-family property in Toronto is for sale offering roughly 1,300 sq ft of space.

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

Description

Excellent investment opportunity to own a fully tenanted 1,733 square foot semi-detached triplex in Toronto. This converted property features three self-contained one-bedroom units, each with its own kitchen and full washroom. All units are currently tenanted, with occupants willing to stay, or vacant possession can be arranged. Ideal for investors, owner-occupiers, or multi-generational families. Exceptional opportunity to purchase together with 17 Paton Road and 21 Paton Road, creating a larger combined development site with significant future redevelopment potential subject to approvals. A rare opportunity offering immediate income and long-term upside. (id:66096)

Property Details

MLS®: W13632208
Property Type: Multi-family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 15 × 113 ft (1,736 sq ft)
Frontage: 15 ft
Storeys: 2
Basement: Finished, Walk out, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $4,751/yr
Listed: 93 days ago

Features

Foundation: Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

93d

Toronto (Dovercourt-Wallace Emerson-Junction) listings, avg age

55d

Price / ft²

$846

List price

$1.10M

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 (Dovercourt-Wallace Emerson-Junction) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by LPT REALTY · ALEX FANI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6H)

This home lists at $1,100,000, about 13.3× the local median household income of $83,000.

Carrying it typically needs a household income of about $214,869 (20% down, 25-yr amortization, stress-tested) — roughly 159% 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)

$1,100,000· $846/ft²

For sale

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Full Cost Breakdown

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Down Payment7.73% · $85,000

Min 7.73%50%

Mortgage payment$5,627/mo

↳ CMHC premium ($40,600 capitalized)

Property tax (est.)$396/mo

Total monthly$6,023

Cash Needed to Close

Down payment (7.73%)$85,000

Land transfer tax$36,950

Est. closing costs$5,800

Total cash needed$127,750

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