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$1,100,000
Toronto
6-8 John Street, Toronto (Weston), Ontario, M9N1J3
This multi-family property in Toronto is for sale offering roughly 2,637 sq ft of space.
Excellent cap rate, a unique freestanding corner building with constant cash flow, great investment return with proven solid upward growth. Versatile property consisting of 2+1 long established commercial units, One 3 bedrooms (Fully renovated) with private ensuite washer/dryer brand new appliances and fixtures and one 2-Bedroom space at upper level, all with separate entrances, and Two parking space at rear with no condo fees. Live in one and collect constant cash from 4 other leased units if you want. Fully leased with stable tenants, never been vacant. Exceptional transit (TTC, GO, LTR, etc), at doorsteps and 400,401 ,427 HWY access. Great exposure in rapidly growing Weston surrounded by residential development. Unique Investment return with incoming raises. Newer roof, high-efficiency furnace and water heater. Fully detached with separate civic addresses. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 65 days on market, against an average age of 66 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 (Weston) has been listed for 65 days, which is 1 days fresher than the city average of 66. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,100,000, about 15.8× the local median household income of $69,500.
Carrying it typically needs a household income of about $214,869 (20% down, 25-yr amortization, stress-tested) — roughly 209% above the area median.
Source: Statistics Canada, 2021 Census (FSA M9N)
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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