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$4,688,000
Toronto
2479 Queen Street East, Toronto (The Beaches), Ontario, M4E1H8
This multi-family property in Toronto is for sale offering roughly 6,264 sq ft of space.
Exceptional opportunity to acquire a beautifully renovated six-unit multiplex in the heart of The Beaches. Offered fully furnished and completely turnkey, this meticulously maintained property features six spacious two-bedroom apartments, with several suites showcasing stylish modern renovations. Delivered with vacant possession, it offers investors the unique opportunity to establish market rents from day one and maximize income potential. A strong income-producing asset with excellent long-term growth potential, the property also features six dedicated parking spaces and tenant storage. Ideally situated on vibrant Queen Street East, just steps to the beach, parks, transit, cafés, restaurants, boutique shopping, and all the amenities this sought-after lakeside community has to offer. A great investment opportunity in one of Toronto's most desirable neighbourhoods (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 89 days on market, against an average age of 48 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 multi-family in Toronto (The Beaches) 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 $4,688,000, about 41.9× the local median household income of $112,000.
Carrying it typically needs a household income of about $915,731 (20% down, 25-yr amortization, stress-tested) — roughly 718% above the area median.
Source: Statistics Canada, 2021 Census (FSA M4E)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice