$1,725,000
Toronto
50 Glen Manor Drive, Toronto (The Beaches), Ontario, M4E2X2
This 6-bedroom, 4-bathroom home in Toronto is for sale offering roughly 2,250 sq ft of space. Its $1,725,000 asking price sits right in line with the $1,725,000 median in Toronto. It has been on the market 6 days, fresher than the Toronto average of 48 days.
RARE INVESTMENT OPPORTUNITY IN TORONTO'S HIGHLY DESIRABLE BEACHES COMMUNITY! MUST BE SEEN! An exceptional opportunity to purchase a meticulously maintained, solid-brick, semi-detached 4-unit multiplex, individually or together with the adjoining 3-unit property, offering a combined total of 7 residential units! Located just one block from Lake Ontario, this outstanding property offers an ideal combination of location, lifestyle, flexibility and rental income potential. Perfect for investors, owner-occupiers, extended families or multigenerational living! Live in one unit while generating rental income from the others, or enjoy the flexibility of accommodating family members with their own private living spaces.This charming property features a unique and versatile floor plan. Upper level 2-bedroom unit with an open deck terrace, a main floor 2-bedroom unit, and two lower-level units consisting of a 1-bedroom apartment and a bachelor apartment, both currently vacant! Additional highlights include beautifully landscaped interlocking low-maintenance grounds, and numerous thoughtful improvements and upgrades throughout. Lovingly maintained by longtime owners, the property retains much of its original character and charm, including beautiful oak hardwood floors, while offering the conveniences of modern updates. Enjoy the best of Beaches living, just steps from the Boardwalk, parks, shopping, restaurants, public transit and neighbourhood amenities. Whether you're seeking a long-term income-producing investment, a home with supplemental rental income, or a flexible property for present or future family use, this exceptional opportunity offers tremendous possibilities in one of Toronto's most sought-after neighbourhoods. DON'T MISS THIS RARE OPPORTUNITY! PLEASE REVIEW THE PROPERTY INFORMATION AND PHOTOGRAPHS. THANK YOU FOR VIEWING! (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 6 days on market, against an average age of 48 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 6-bed single family in Toronto (The Beaches) has been listed for 6 days, which is 42 days fresher than the city average of 48. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,725,000, about 15.4× the local median household income of $112,000.
Carrying it typically needs a household income of about $336,953 (20% down, 25-yr amortization, stress-tested) — roughly 201% above the area median.
Source: Statistics Canada, 2021 Census (FSA M4E)
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Loading rates, 30-yr amortization
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.