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$5,500,000
Toronto
243 Niagara Street, Toronto (Niagara), Ontario, M6J2L7
This multi-family property in Toronto is for sale.
Detached four-storey building completed in 2018 with quality finishes throughout. Property features self-contained apartment units on each level above grade, with each unit offering afunctional open-concept kitchen and living area, 2 bedrooms, 2 bathrooms, and in-suite laundry. Living rooms feature gas fireplaces, while kitchens are finished with quartz countertops and quality cabinetry. Primary bedrooms include a 4-piece ensuite bathroom. Separate services are provided for each unit, including individual furnaces and tankless hot water systems. The building is also equipped with a full sprinkler system and elevator access. The property offers a three-car garage with driveway access from Adelaide Street West, along with additional surface parking located in front of the garage. Generating over $160,000+ in annual rental income, this is an exceptional investment opportunity ideal for investors seeking strong cashflow and long-term income potential. A rare turnkey asset with modern construction, quality finishes, and excellent income performance. A finished one-bedroom basement apartment with 1bathroom provides additional income flexibility and further enhances the property's value. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 167 days on market, against an average age of 49 days across the listings currently for sale in this city
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.
This 9-bed multi-family in Toronto (Niagara) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $5,500,000, about 61.1× the local median household income of $90,000.
Carrying it typically needs a household income of about $1,074,343 (20% down, 25-yr amortization, stress-tested) — roughly 1094% above the area median.
Source: Statistics Canada, 2021 Census (FSA M6J)
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Loading rates, 30-yr amortization
Cash Needed to Close
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