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$2,495,000
Toronto
304 Roselawn Avenue, Toronto (Yonge-Eglinton), Ontario, M4R1G1
This multi-family property in Toronto is for sale offering roughly 4,250 sq ft of space. It has been on the market 9 days, fresher than the Toronto average of 50 days.
Exceptional legal triplex in the heart of Midtown Toronto, just steps from Yonge & Eglinton. This rare income-generating property offers approximately 3,955 sq. ft. of above-grade living space, plus an additional 1,170 sq. ft. basement apartment, featuring a total of five self-contained units: two spacious 3-bedroom suites, two 2-bedroom suites, and one bachelor basement apartment.An outstanding opportunity for investors seeking strong rental income or end users looking to occupy one unit while generating substantial income from the remaining suites. The property also features a rare detached 3-car garage, plus parking for two additional vehicles outside, providing a total of five parking spaces. There is also excellent potential to add more units to the property, subject to all required municipal approvals.Ideally situated in one of Toronto's most sought-after neighbourhoods, just steps from the Yonge subway, Eglinton Crosstown LRT, top-rated schools, parks, restaurants, cafés, shopping, and all the amenities the vibrant Yonge & Eglinton neighbourhood has to offer.A truly unique, turnkey investment with exceptional income potential, tremendous flexibility, and endless possibilities. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 9 days on market, against an average age of 50 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 12-bed multi-family in Toronto (Yonge-Eglinton) has been listed for 9 days, which is 41 days fresher than the city average of 50. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,495,000, about 23.3× the local median household income of $107,000.
Carrying it typically needs a household income of about $487,361 (20% down, 25-yr amortization, stress-tested) — roughly 355% above the area median.
Source: Statistics Canada, 2021 Census (FSA M4R)
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Loading rates, 30-yr amortization
Cash Needed to Close
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