$1,550,000

For sale

434 Victoria Park Avenue, Toronto (The Beaches) - Multi-family for Sale

434 Victoria Park Avenue, Toronto (The Beaches), Ontario, M4E3T2

6 beds4 baths3 parking2,250 ft²25 × 108 ft (2,700 sq ft) lot sizeListed 40 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 40 days, fresher than the Toronto average of 48 days.

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Description

OPEN HOUSE SUNDAY 1:00 PM - 3:00 PM! Modern Triplex. Welcome to 434 Victoria Park Ave. Over 3040 Sq Ft., fully updated 3 units spread over 4 levels. This impeccably renovated legal modern triplex is located in the Upper Beach area just off the trendy Kingston Road shopping district. Excellent designed and well maintained property features three (3) modern self-contained units, each tastefully designed and each unit has its own private entrance, it's own in-suite laundry and 1 front parking pad and 2 car garage at rear (garden suite compliant). This building has been recently re-designed for maximum impact, efficiency and income potential. All units have been appointed with quality materials and built with superior craftsmanship and completed with modern appliances. The detached double car garage provides additional upside potential for increased income and potential for garden suite re-development. This home is equipped with 2 furnaces, 2 hot water tank-less heaters, and 2 A/C units for efficient climate control and comfort. Three (3) hydro meters and two (2) gas meters also make this property easy for a landlord to manage. This is a turnkey investment opportunity or live in one and rent out the other 2 units making home ownership very affordable. Enjoy the convenience and economy of a full sized "live-in" property with low maintenance and exceptional income and upside potential. (garden suite compliant). (id:66096)

Property Details

MLS®: E13816996
Property Type: Multi-family
Bedrooms: 6
Beds (above / below): 5 above · 1 below
Bathrooms: 4
Parking: 3
Interior Size: 2,250 ft²
Lot Size: 25 × 108 ft (2,700 sq ft)
Frontage: 25 ft
Storeys: 3
Basement: Finished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Property Tax: $8,287.42/yr
Listed: 40 days ago

Rooms

Main level

Living room: 6.85 x 4.12 meters
Kitchen: 6.85 x 4.12 meters
Bedroom: 5.05 x 2.91 meters
Bedroom: 2.3 x 2.77 meters

Basement

Living room: 5.45 x 5.27 meters
Kitchen: 5.45 x 5.27 meters
Bedroom: 4.5 x 4.12 meters
Utility room: 2.52 x 5.29 meters
Other: 2.25 x 5.28 meters

Second level

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Hood Fan, Water Heater
Foundation: Unknown
Exterior: Stucco, Aluminum siding
Lot Features: Carpet Free, Sump Pump

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

40d

Toronto (The Beaches) listings, avg age

48d

Price / ft²

$689

List price

$1.55M

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 6-bed multi-family in Toronto (The Beaches) has been listed for 40 days, which is 8 days fresher than the city average of 48. Act while there is still low competition.

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Listed by REAL ESTATE HOMEWARD · OMER QUENNEVILLE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4E)

This home lists at $1,550,000, about 13.8× the local median household income of $112,000.

Carrying it typically needs a household income of about $302,769 (20% down, 25-yr amortization, stress-tested) — roughly 170% above the area median.

Median household income: $112,000
Population: 25,473
Median age: 42.8
Owner / renter: 64% / 36%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M4E)

$1,550,000· $689/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $310,000

Min 20%50%

Mortgage payment$6,610/mo

Property tax (est.)$691/mo

Total monthly$7,301

Cash Needed to Close

Down payment (20%)$310,000

Land transfer tax$54,950

Est. closing costs$7,150

Total cash needed$372,100

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