$2,390,000

For sale

2652 Victoria Park Avenue, Toronto (Pleasant View) - Single Family for Sale

2652 Victoria Park Avenue, Toronto (Pleasant View), Ontario, M2J4A6

14 beds16 baths4 parking4,250 ft²53 × 140 ft (7,394 sq ft) lot sizeListed 14 days ago

Overview

This 14-bedroom, 16-bathroom home in Toronto is for sale offering roughly 4,250 sq ft of space. It has been on the market 14 days, fresher than the Toronto average of 45 days.

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Description

Exceptional Multi-Unit Rental Investment Opportunity In A Prime Toronto Location! Built In 2019,This Large Detached Property Offers Approx. 4,850 Sq.Ft Above Grade Plus Approx. 2,400 Sq.Ft. Basement, With A Flexible Multi-Suite Layout Designed (14 Bedrooms, 16 washrooms) For Strong Rental Income Potential. Current Layout Includes 6 Suite-Style Rooms On The Second Floor, 2 Suite-Style Rooms 2 Powder Rooms On The Main Floor, And 6 Suite-Style Bedrooms In The Basement-tremendous Upside With Approx. The Property Is Equipped With 3 Hot Water Tanks, 2 Furnaces And 2 HRVs,$100K-$150K Additional Investment Estimated To Complete The Remaining Renovations. Similar Completed Multi-Unit Rental Properties May Support A Market Value In The Approx. $2.8M-$3M Range. Potential To Explore CMHC Financing Options And Additional Garden House Opportunity In The Back Yard, Subject To Applicable Approvals. Convenient Location Close To TTC, Hwy 401/404/DVP, Shopping, Schools, Parks And Everyday Amenities. Priced To Sell! Rare Large-Scale Income Property With Huge Upside Potential. Don't Miss This Great Investment Opportunity! (id:66096)

Property Details

MLS®: C14109352
Property Type: Single Family
Zoning: Residential
Bedrooms: 14
Beds (above / below): 8 above · 6 below
Bathrooms: 16
Half Baths: 2
Parking: 4
Interior Size: 4,250 ft²
Lot Size: 53 × 140 ft (7,394 sq ft)
Frontage: 53 ft
Storeys: 2
Basement: Finished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold

Rooms

Second level

Bedroom
Bedroom
Bedroom 3
Bedroom 4
Bedroom 5
Bedroom

Basement

Bedroom
Bedroom
Bedroom
Bedroom
Bedroom
Bedroom

Main level

Kitchen
Living room
Dining room

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Oven, Dryer, Hood Fan, Window Coverings, Water Heater
Flooring: Hardwood
Foundation: Block
Exterior: Brick, Stone
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

14d

Toronto (Pleasant View) listings, avg age

45d

Price / ft²

$562

List price

$2.39M

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 14-bed single family in Toronto (Pleasant View) has been listed for 14 days, which is 31 days fresher than the city average of 45. Act while there is still low competition.

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Listed by ANJIA REALTY · ALICE HU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2J)

This home lists at $2,390,000, about 28.8× the local median household income of $83,000.

Carrying it typically needs a household income of about $466,851 (20% down, 25-yr amortization, stress-tested) — roughly 462% above the area median.

Median household income: $83,000
Population: 61,761
Median age: 38.4
Owner / renter: 51% / 49%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M2J)

$2,390,000· $562/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $478,000

Min 20%50%

Mortgage payment$10,193/mo

Property tax (est.)$1,194/mo

Total monthly$11,387

Cash Needed to Close

Down payment (20%)$478,000

Land transfer tax$92,450

Est. closing costs$9,670

Total cash needed$580,120

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