$1,399,990

For sale

24 Indian Road Crescent, Toronto (High Park North) - Multi-family for Sale

24 Indian Road Crescent, Toronto (High Park North), Ontario, M6P2G1

3,000 ft²52 × 83 ft (4,328 sq ft) lot sizeListed 47 days ago

Overview

This multi-family property in Toronto is for sale offering roughly 3,000 sq ft of space. It has been on the market 47 days, fresher than the Toronto average of 59 days.

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Description

Incredible investment opportunity!!! Fabulous two-storey fourplex available for sale on a quiet tree-lined family-friendly street just north of High Park. Four bright, charming, well-maintained 1 bedroom units, each with a large, sunny eat-in kitchen, separate light-filled living area, and 4-piece bath. Enviable, ultra-convenient west-end neighbourhood steps from subway station, TTC bus routes, and the countless shops and services of Bloor West Village and The Junction. Three units rented to long-term, stable tenants. 1 vacant unit is renovated and ready to be leased at current market value. Great opportunity for a new operator to buy and hold in a truly A+ location. (id:66096)

Property Details

MLS®: W13804926
Property Type: Multi-family
Business Type: Residential
Zoning: R(d0.6*737)
Interior Size: 3,000 ft²
Lot Size: 52 × 83 ft (4,328 sq ft)
Frontage: 52 ft
Heating: Hot water radiator heat, Natural gas
Cooling: None
Property Tax: $10,429/yr
Listed: 47 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

47d

Toronto (High Park North) listings, avg age

59d

Price / ft²

$467

List price

$1.40M

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 multi-family in Toronto (High Park North) has been listed for 47 days, which is 12 days fresher than the city average of 59. Act while there is still low competition.

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Listed by KELLER WILLIAMS ADVANTAGE REALTY · MARTIN FARKAS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6P)

This home lists at $1,399,990, about 16.3× the local median household income of $86,000.

Carrying it typically needs a household income of about $273,467 (20% down, 25-yr amortization, stress-tested) — roughly 218% above the area median.

Median household income: $86,000
Population: 39,870
Median age: 39.2
Owner / renter: 43% / 58%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA M6P)

$1,399,990· $467/ft²

For sale

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Full Cost Breakdown

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Down Payment8.21% · $114,999

Min 8.21%50%

Mortgage payment$7,124/mo

↳ CMHC premium ($51,400 capitalized)

Property tax (est.)$869/mo

Total monthly$7,993

Cash Needed to Close

Down payment (8.21%)$114,999

Land transfer tax$48,950

Est. closing costs$6,700

Total cash needed$170,649

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