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$4,495,000
Toronto
55 Madison Avenue, Toronto (Annex), Ontario, M5R2S3
This multi-family property in Toronto is for sale offering roughly 5,096 sq ft of space. It has been on the market 21 days, fresher than the Toronto average of 58 days.
Exceptional investment opportunity in Toronto's highly desirable Annex neighbourhood! Located at 55 Madison Avenue, this 15-unit multi-residential property offers investors a rare opportunity to acquire an income-producing asset in one of Toronto's most sought-after rental markets. Situated on a generous 50 x126 ft lot, the property features approximately 6,496 sq. ft. of existing building area across four levels, including the basement, along with a detached five-car garage offering five usable parking spaces - avaluable amenity in this prime urban location. Ideally situated steps from Bloor Street, the University of Toronto, Yorkville, TTC subway access, restaurants, shopping and everyday amenities. This central location supports strong long-term rental appeal and convenient access to major employment, educational and entertainment destinations. An outstanding opportunity for investors seeking a well-located multi-residential asset with long-term holding potential and future upside. *For Additional Property Details Click The Brochure Icon Below* (id:66096)
Features and services as supplied by the listing brokerage.
Active: 21 days on market, against an average age of 58 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 multi-family in Toronto (Annex) has been listed for 21 days, which is 37 days fresher than the city average of 58. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $4,495,000, about 52.3× the local median household income of $86,000.
Carrying it typically needs a household income of about $878,031 (20% down, 25-yr amortization, stress-tested) — roughly 921% above the area median.
Source: Statistics Canada, 2021 Census (FSA M5R)
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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