38 Miller Street, Toronto (Weston-Pellam Park), Ontario, M6N2Z7


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$1,299,000
Toronto
This multi-family property in Toronto is for sale offering roughly 2,250 sq ft of space. It has been on the market 53 days, fresher than the Toronto average of 56 days.
Amazing Legal Five Plex Investment Corner property with 5 one-bedroom apartments close to transit, shopping and schools In Toronto. The seller will consider a private Vendor Take Back mortgage (VTB) to qualified buyer. Property has yearly Fire Department inspections with a building pull alarm and fire extinguishers, Building is heated with an efficient modern natural gas Navian Boiler System that sends heated water to radiators in each apartment, Roof is 4 years old, Unit 1 Renovated completely 2 years ago, Gross estimated Income of $63,120, Expenses $15,900, Net Income $47,220. approximately. Property is being sold in "As Is, Where Is" condition (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 53 days on market, against an average age of 56 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 5-bed multi-family in Toronto (Weston-Pellam Park) has been listed for 53 days, which is 3 days fresher than the city average of 56. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,299,000, about 17.2× the local median household income of $75,500.
Carrying it typically needs a household income of about $253,740 (20% down, 25-yr amortization, stress-tested) — roughly 236% above the area median.
Source: Statistics Canada, 2021 Census (FSA M6N)
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Loading rates, 30-yr amortization
Cash Needed to Close
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