$1,499,000

For sale

725 Indian Road, Toronto (High Park North) - Multi-family for Sale

725 Indian Road, Toronto (High Park North), Ontario, M6P2E2

5 beds3 baths0 parking1,300 ft²23 × 100 ft (2,250 sq ft) lot sizeListed 25 days ago

Overview

This multi-family property in Toronto is for sale offering roughly 1,300 sq ft of space. It has been on the market 25 days, fresher than the Toronto average of 59 days.

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Description

** CHARMING! Exceptional Investment Opportunity in High Park North! ** High-Cash-Flow (5.2% Cap) Triplex in One of Toronto's Most Desirable Neighbourhoods! Featuring 3 Well-Designed Legal Apartments with unique character, cozy vibes, and spacious private decks: 1 Two-Bedroom Unit + 2 One-Bedroom Units. A Rare Bonus: One-of-a-Kind Garden Cabin-Perfect for a Home Office, Creative Studio, Hobby Room, or Guest Retreat! Live in One Unit and Let the Other Two Help Pay Your Mortgage! Each unit is currently tenanted on a month-to-month basis with wonderful tenants at excellent market rents, while the lower-level two-bedroom unit including the garden cabin will be vacant as of December 1-offering exceptional flexibility for owner-occupiers, investors, or multi-generational living. Shared coin-operated laundry provides an additional income stream. Enjoy an unbeatable location just a short walk to the vibrant shops and restaurants of The Junction and Bloor Street, Dundas West and Keele subway stations, UP Express and GO Transit, and the beautiful trails and green spaces of High Park. Set on a lovely, tree-lined street in a welcoming community, this distinctive property combines income potential, lifestyle appeal, and urban convenience. ** A Rare Opportunity to Own a Versatile, Turn-key Income Property in a Prime Toronto Neighbourhood! A Must-See! ** (id:66096)

Property Details

MLS®: W13884804
Property Type: Multi-family
Bedrooms: 5
Beds (above / below): 4 above · 1 below
Bathrooms: 3
Parking: 0
Interior Size: 1,300 ft²
Lot Size: 23 × 100 ft (2,250 sq ft)
Frontage: 23 ft
Storeys: 2
Basement: Apartment in basement, Separate entrance, Walk out, N/A, N/A, N/A
Heating: Baseboard heaters, Electric
Cooling: Window air conditioner
Garage: No Garage
Property Tax: $6,046.41/yr
Listed: 25 days ago

Rooms

Lower level

Living room: 4.27 x 2.74 meters
Other: 3.96 x 3.05 meters
Dining room: 4.27 x 2.74 meters
Kitchen: 3.56 x 2.74 meters
Primary Bedroom: 2.92 x 2.74 meters
Bedroom 2: 2.92 x 2.36 meters

Second level

Kitchen: 3.35 x 2.74 meters
Bedroom: 3.35 x 2.92 meters
Living room: 4.78 x 3.1 meters
Dining room: 2.82 x 1.93 meters

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Microwave, Window Coverings, Water Heater
Flooring: Hardwood, Laminate
Foundation: Brick
Exterior: Brick
Lot Features: Carpet Free, Guest Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

25d

Toronto (High Park North) listings, avg age

59d

Price / ft²

$1,153

List price

$1.50M

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 5-bed multi-family in Toronto (High Park North) has been listed for 25 days, which is 34 days fresher than the city average of 59. Act while there is still low competition.

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Listed by RIGHT AT HOME REALTY · JINA KIM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6P)

This home lists at $1,499,000, about 17.4× the local median household income of $86,000.

Carrying it typically needs a household income of about $292,807 (20% down, 25-yr amortization, stress-tested) — roughly 240% above the area median.

Median household income: $86,000
Population: 39,870
Median age: 39.2
Owner / renter: 43% / 58%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA M6P)

$1,499,000· $1,153/ft²

For sale

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Full Cost Breakdown

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Down Payment8.33% · $124,900.00

Min 8.33%50%

Mortgage payment$7,618/mo

↳ CMHC premium ($54,964 capitalized)

Property tax (est.)$504/mo

Total monthly$8,122

Cash Needed to Close

Down payment (8.33%)$124,900

Land transfer tax$52,910

Est. closing costs$6,997

Total cash needed$184,807

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