$988,888

For sale

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352 Caledonia Road, Toronto (Caledonia-Fairbank) - Single Family for Sale

352 Caledonia Road, Toronto (Caledonia-Fairbank), Ontario, M6E4T6

7 beds baths

2256 Dufferin Street, Toronto (Caledonia-Fairbank), Ontario, M6E3S3

3 bd2 ba3 pk350 ft²Lot size 29 × 100 ft (2,853 sq ft)

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

166 Ennerdale Road, Toronto (Caledonia-Fairbank), Ontario, M6E4C9

For sale

8 days ago

$899K

166 Ennerdale Road, Toronto (Caledonia-Fairbank), Ontario, M6E4C9

4 bd2 ba2 pk1,300 ft²Lot size 25 × 138 ft (3,450 sq ft)

Listed by SAGE REAL ESTATE LIMITED

32 Kirknewton Road, Toronto (Caledonia-Fairbank), Ontario, M6E3Y1

For sale

8 days ago

$1.05M

32 Kirknewton Road, Toronto (Caledonia-Fairbank), Ontario, M6E3Y1

3 bd3 ba7 pk1,300 ft²Lot size 25 × 132 ft (3,290 sq ft)

Listed by REMAX YOUR COMMUNITY REALTY

91 Kirknewton Road, Toronto (Caledonia-Fairbank), Ontario, M6E3X9

For sale

8 days ago

$850K

91 Kirknewton Road, Toronto (Caledonia-Fairbank), Ontario, M6E3X9

4 bd2 ba1,300 ft²Lot size 17 × 132 ft (2,299 sq ft)

Listed by SUTTON GROUP REALTY SYSTEMS INC.

Investment analysis

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$988,888

Toronto

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24 × 127 ft (3,035 sq ft) lot size

Overview

This 7-bedroom, 6-bathroom home in Toronto is for sale offering roughly 3,250 sq ft of space.

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Description

Excellent investment opportunity at 352 Caledonia Rd in Toronto, offering a well-maintained 5 unit property with strong existing rental income and additional potential. The property features two spacious 3-bedroom units and two 1-bedroom units, plus a finished basement apartment providing additional contributing value. The two 3-bedroom units have reported rents of $2,550 per month each, all-inclusive. One 1-bedroom unit is currently owner occupied with market rent of approximately $1,800 per month, while the other 1-bedroom unit is rented at $2,000 per month, all-inclusive. Buyers to satisfy themselves regarding its retrofit and legal status.Offering excellent flexibility for investors, multi-generational families, or buyers looking to occupy one unit while benefiting from rental income from the others. Convenient Toronto location with easy access to transit, shopping, schools, parks, major roadways and everyday amenities. A rare opportunity to acquire an income-producing property with multiple units and long-term investment potential. (id:66096)

Property Details

MLS®: W13679712
Property Type: Single Family
Zoning: Res
Bedrooms: 7
Beds (above / below): 5 above · 2 below
Bathrooms: 6
Parking: 4
Interior Size: 3,250 ft²
Lot Size: 24 × 127 ft (3,035 sq ft)
Frontage: 23 ft
Storeys: 2
Basement: Apartment in basement, N/A
Heating: Natural gas
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax: $6,568/yr
Listed: 82 days ago

Rooms

Ground level

Bedroom 2: 3.25 x 3.25 meters
Living room: 4.25 x 4 meters
Kitchen: 3.5 x 3 meters
Dining room: 3.25 x 3.25 meters
Primary Bedroom: 3.5 x 3.25 meters

Second level

Bedroom: 4.5 x 3 meters
Kitchen: 3.5 x 2.75 meters
Bedroom: 4 x 2.75 meters
Living room: 3.5 x 3 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Foundation: Concrete
Exterior: Brick, Stucco
Lot Features: Lane

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

82d

Toronto (Caledonia-Fairbank) listings, avg age

52d

Price / ft²

$304

List price

$989K

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 7-bed single family in Toronto (Caledonia-Fairbank) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by CENTURY 21 PERCY FULTON LTD. · SEAN ROLAND

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6E)

This home lists at $988,888, about 12.1× the local median household income of $82,000.

Carrying it typically needs a household income of about $193,164 (20% down, 25-yr amortization, stress-tested) — roughly 136% above the area median.

Median household income: $82,000
Population: 37,684
Median age: 40.8
Owner / renter: 55% / 45%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M6E)

$988,888· $304/ft²

For sale

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Full Cost Breakdown

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Down Payment7.47% · $73,888.80

Min 7.47%50%

Mortgage payment$5,073/mo

↳ CMHC premium ($36,600 capitalized)

Property tax (est.)$547/mo

Total monthly$5,620

Cash Needed to Close

Down payment (7.47%)$73,889

Land transfer tax$32,506

Est. closing costs$5,467

Total cash needed$111,861

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice