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$3,450,000
Toronto
380 Spadina Road, Toronto (Forest Hill South), Ontario, M5P2V9
This multi-family property in Toronto is for sale offering roughly 3,375 sq ft of space. It has been on the market 14 days, fresher than the Toronto average of 57 days.
An exceptional opportunity to secure a prominent property in one of Toronto's most prestigious neighbourhoods. Located just north of Casa Loma, 380 Spadina Road combines immediate rental income with significant land value and future potential.Set behind a distinguished grey stone and red brick façade, this substantial seven-bedroom residence is fully tenanted, offering income from day one while you plan your next move.Maintain the existing investment, transform the property into a luxury estate, explore additional income potential through the carriage house, or consider future redevelopment opportunities, subject to approvals.Surrounded by executive homes, mature trees, premier schools, parks, and convenient transit, this coveted Forest Hill location offers enduring appeal and strategic flexibility.Immediate Income. Prestigious Location. Exceptional Future Potential. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 14 days on market, against an average age of 57 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 7-bed multi-family in Toronto (Forest Hill South) has been listed for 14 days, which is 43 days fresher than the city average of 57. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $3,450,000, about 34.8× the local median household income of $99,000.
Carrying it typically needs a household income of about $673,906 (20% down, 25-yr amortization, stress-tested) — roughly 581% above the area median.
Source: Statistics Canada, 2021 Census (FSA M5P)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
