40 August Avenue, Toronto (Oakridge), Ontario, M1L3M9

For saleJust listed

5 days ago

$799K

40 August Avenue, Toronto (Oakridge), Ontario, M1L3M9

5 bd5 ba3 pk2,250 ft²Lot size 25 × 107 ft (2,673 sq ft)

Listed by HOMELIFE/MIRACLE REALTY LTD

For sale

137 days ago

$849K

40 August Avenue, Toronto (Oakridge), Ontario, M1L3M9

5 bd5 ba3 pk2,250 ft²Lot size 25 × 107 ft (2,673 sq ft)

Listed by HOMELIFE/MIRACLE REALTY LTD

42 August Avenue, Toronto (Oakridge), Ontario, M1L3M9

For sale

137 days ago

$849K

42 August Avenue, Toronto (Oakridge), Ontario, M1L3M9

5 bd4 ba3 pk2,250 ft²Lot size 25 × 107 ft (2,673 sq ft)

Listed by HOMELIFE/MIRACLE REALTY LTD

Investment analysis

Rental cashflow calculator

Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.

Estimated monthly rent

Enter the monthly rent you expect, or adjust our estimate.

Down payment (%)

Rate (%)

Amortization (yrs)

Property tax (/ yr)

Condo fee (/ mo)

Insurance (est. / mo)

Maint. + vacancy (est. / mo)

Enter an estimated monthly rent to see the cashflow.

Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.

$799,000

Toronto

Book a showing

$799,000

For saleJust listed

Book a showing

42 August Avenue, Toronto (Oakridge) - Multi-family for Sale

42 August Avenue, Toronto (Oakridge), Ontario, M1L3M9

5 beds4 baths3 parking2,250 ft²25 × 107 ft (2,673 sq ft) lot sizeListed 5 days ago

Overview

This multi-family property in Toronto is for sale offering roughly 2,250 sq ft of space. It has been on the market 5 days, fresher than the Toronto average of 77 days.

Multi-Family Properties for Sale in Toronto →All real estate in Toronto →

Description

ATTENTION BUILDERS & DEVELOPERS Unfinished Project Near Danforth & The Beaches Exceptional opportunity to take over a partially completed residential build in one of Toronto's most coveted neighbourhoods just steps to The Danforth and minutes from The Beaches. This property is being sold as-is, where-is, making it ideal for a builder looking to complete the project with their own finishing touches.Located on a quiet, dead-end street lined with custom homes, this family-friendly area features mature trees, excellent access to downtown, TTC, top-rated schools, parks, and local shops.Framing and foundation work are already completed, offering a head start on construction. Plans call for a modern 4-bedroom, 4-bathroom single-family home, designed for today's lifestyle.Buyer to conduct their own due diligence regarding zoning, permits, and potential. Showings by appointment only. Do not walk the lot without permission.Property is being sold together with 40 August Ave directly next door identical home mirror image.Dont miss this incredible opportunity! (id:66096)

Property Details

MLS®: E14130498
Property Type: Multi-family
Zoning: Residential
Bedrooms: 5
Beds (above / below): 4 above · 1 below
Bathrooms: 4
Half Baths: 1
Parking: 3
Interior Size: 2,250 ft²
Lot Size: 25 × 107 ft (2,673 sq ft)
Frontage: 25 ft
Storeys: 2
Basement: Other, See Remarks, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage
Fireplace: Yes
Property Tax

Features

Foundation: Concrete
Lot Features: Level lot, Flat site

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Oakridge) listings, avg age

77d

Price / ft²

$355

List price

$799K

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 5-bed multi-family in Toronto (Oakridge) has been listed for 5 days, which is 72 days fresher than the city average of 77. Act while there is still low competition.

Set a price alert Book a showing

Listed by HOMELIFE/MIRACLE REALTY LTD · PAUL PABLA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1L)

This home lists at $799,000, about 10.2× the local median household income of $78,000.

Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 100% above the area median.

Median household income: $78,000
Population: 35,833
Median age: 38.8
Owner / renter: 51% / 49%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M1L)

$799,000· $355/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment6.87% · $54,900

Min 6.87%50%

Mortgage payment$4,125/mo

↳ CMHC premium ($29,764 capitalized)

Property tax (est.)$231/mo

Total monthly$4,357

Cash Needed to Close

Down payment (6.87%)$54,900

Land transfer tax$24,910

Est. closing costs$4,897

Total cash needed$84,707

Get Pre-Approved · Free & Fast

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