23 Abbs Street, Toronto (Roncesvalles), Ontario, M6K1M5

For sale

27 days ago

$1.50M

23 Abbs Street, Toronto (Roncesvalles), Ontario, M6K1M5

3 bd4 ba2 pk2,250 ft²Lot size 36 × 70 ft (2,520 sq ft)

Listed by ROYAL LEPAGE SIGNATURE REALTY

132 Marion Street, Toronto (Roncesvalles), Ontario, M6R1E7

For sale

34 days ago

$1.90M

132 Marion Street, Toronto (Roncesvalles), Ontario, M6R1E7

7 bd5 ba6 pk3,250 ft²Lot size 37 × 133 ft (4,865 sq ft)

Listed by ROYAL LEPAGE SIGNATURE REALTY

Investment analysis

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$4,300,000

Toronto

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$4,300,000

For sale

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5 Sorauren Avenue, Toronto (Roncesvalles) - Multi-family for Sale

5 Sorauren Avenue, Toronto (Roncesvalles), Ontario, M6R2C6

14 beds7 baths0 parking4,250 ft²33 × 98 ft (3,185 sq ft) lot sizeListed 34 days ago

Overview

This multi-family property in Toronto is for sale offering roughly 4,250 sq ft of space. It has been on the market 34 days, fresher than the Toronto average of 44 days.

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

Description

Rare Multi-Residential Investment & Development Opportunity in Toronto! Exceptional opportunity to acquire an established legal 7-unit multi-residential property with approved plans for Phase 2 development of an additional 5 residential units - offering the potential for a 12-unit multi-residential property upon completion. The existing building consists of 7 self-contained residential units, providing immediate rental income while offering significant value-add potential through the approved second phase. Ideally situated in the highly desirable Sorauren/Parkdale neighbourhood, steps to Sorauren Avenue Park and minutes to Roncesvalles Village, Queen Street West, TTC, shops, restaurants and everyday amenities. An outstanding opportunity for investors, developers and multi-residential operators to acquire an income-producing asset with a clear path for further intensification in a prime Toronto location. Existing 7 legal units + approved plans for 5 additional units - a truly unique investment and development opportunity. (id:66096)

Property Details

MLS®: W13852858
Property Type: Multi-family
Zoning: Residential / Rooming House
Bedrooms: 14
Beds (above / below): 14 above · 0 below
Bathrooms: 7
Parking: 0
Interior Size: 4,250 ft²
Lot Size: 33 × 98 ft (3,185 sq ft)
Frontage: 33 ft
Storeys: 2
Basement: None
Heating: Baseboard heaters, Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, No Garage
Property Tax: $8,501.81/yr
Listed: 34 days ago

Features

Appliances: Oven - Built-In
Foundation: Block, Brick
Exterior: Brick
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

34d

Toronto (Roncesvalles) listings, avg age

44d

Price / ft²

$1,012

List price

$4.30M

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 14-bed multi-family in Toronto (Roncesvalles) has been listed for 34 days, which is 10 days fresher than the city average of 44. Act while there is still low competition.

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Listed by JDL REALTY INC. · ANGELICA CHUNG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6R)

This home lists at $4,300,000, about 41.3× the local median household income of $104,000.

Carrying it typically needs a household income of about $839,941 (20% down, 25-yr amortization, stress-tested) — roughly 708% above the area median.

Median household income: $104,000
Population: 19,349
Median age: 39.2
Owner / renter: 51% / 49%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M6R)

$4,300,000· $1,012/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $860,000

Min 20%50%

Mortgage payment$18,338/mo

Property tax (est.)$708/mo

Total monthly$19,047

Cash Needed to Close

Down payment (20%)$860,000

Land transfer tax$187,950

Est. closing costs$15,400

Total cash needed$1,063,350

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