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$1,799,000
Toronto
2983 Lawrence Avenue East, Toronto (Bendale), Ontario, M1P2V6
This multi-family property in Toronto is for sale offering roughly 2,250 sq ft of space. It has been on the market 25 days, fresher than the Toronto average of 68 days.
Exceptional Multiplex Investment Opportunity! Prime McCowan & Lawrence location featuring 4 legal one-bedroom apartments, plus 2 additional units with potential for legal conversion, subject to City of Toronto zoning, building and permit requirements. Located directly across from Scarborough General Hospital, with excellent public transit access and proximity to major healthcare and transportation facilities. The City of Toronto has verbally indicated potential for conversion to a seniors' home, subject to formal approvals, permits and applicable requirements. An excellent opportunity for investors, developers and operators seeking income, redevelopment and conversion potential. Buyers and cooperating brokerages are advised to conduct their own independent due diligence regarding zoning, permitted uses, building code compliance, licensing, permits, legal unit status and any proposed conversion or redevelopment. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 25 days on market, against an average age of 68 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 6-bed multi-family in Toronto (Bendale) has been listed for 25 days, which is 43 days fresher than the city average of 68. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,799,000, about 23.7× the local median household income of $76,000.
Carrying it typically needs a household income of about $351,408 (20% down, 25-yr amortization, stress-tested) — roughly 362% above the area median.
Source: Statistics Canada, 2021 Census (FSA M1P)
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Loading rates, 30-yr amortization
Cash Needed to Close
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