$1,299,900
Toronto
742 Dufferin Street, Toronto (Dufferin Grove), Ontario, M6H3K6
This 5-bedroom, 3-bathroom home in Toronto is for sale offering roughly 1,750 sq ft of space.
Excellent investment opportunity with cash flow! This well-maintained semi-detached building is a multi-use property that offers generous space in each of the 3 units, a flexible layout and private laundry in 2 of the units. It is ideal for investors looking to maximize rental income and long-term value, and, in addition to helping offset mortgage and expenses, keeping all 3 units rented. Some of the options are to live in one unit while renting out the others or use the parking lot for a potential extension of an additional 3 rental units (subject to municipal approvals and permits). With 3 parking spaces at the rear, this property is conveniently located within walking distance of the subway station and is a 5-minute walk from Dufferin Mall. It is in the heart of restaurants, grocery stores, schools and everyday amenities, while being a very short distance from Downtown/Toronto. There is the convenience of public transit at your door, located at the intersection of Dufferin and College, major streets. Conveniently, at the rear of the building, you also have public parking for your guests or clients. With this excellent location, versatile layout, multiple income possibilities and future development potential, this is a fantastic location opportunity for investors seeking to live and have your business at the same location or for investment that will provide you with cash flow, equity growth and long-term appreciation. Don't miss this great opportunity to obtain a property which offers various options for investment returns. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 57 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 5-bed single family in Toronto (Dufferin Grove) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,299,900, about 15.7× the local median household income of $83,000.
Carrying it typically needs a household income of about $253,916 (20% down, 25-yr amortization, stress-tested) — roughly 206% above the area median.
Source: Statistics Canada, 2021 Census (FSA M6H)
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