$1,995,000

For sale

Book a showing

300 Athol Street, Whitby (Downtown Whitby) - Multi-family for Sale

300 Athol Street, Whitby (Downtown Whitby), Ontario, L1N3Z4

8,202 ft²95 × 136 ft (12,916 sq ft) lot sizeListed 55 days ago

Overview

403 Walnut Street West, Whitby (Downtown Whitby), Ontario, L1N2W4

7 bd3 ba5 pk1,750 ft²Lot size 64 × 67 ft (4,249 sq ft)

Listed by RE/MAX COUNTRY LAKES REALTY INC.

805 Athol Street, Whitby (Downtown Whitby), Ontario, L1N4A1

For sale

225 days ago

$1.39M

805 Athol Street, Whitby (Downtown Whitby), Ontario, L1N4A1

5 bd4 ba4 pkLot size 27 × 271 ft (7,317 sq ft)

Listed by ROYAL HERITAGE REALTY LTD.

Investment analysis

Rental cashflow calculator

Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.

Estimated monthly rent

Enter the monthly rent you expect, or adjust our estimate.

Down payment (%)

Rate (%)

Amortization (yrs)

Property tax (/ yr)

Condo fee (/ mo)

Insurance (est. / mo)

Maint. + vacancy (est. / mo)

Enter an estimated monthly rent to see the cashflow.

Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.

$1,995,000

Whitby

Book a showing

Description

This property has been under the same meticulous ownership for over 50 years. Very clean, well-maintained 8-unit brick & block apartment building located in one of Whitby's most sought-after rental locations. All 2 bedroom units. Long history of stable rents and high occupancy. Rental upside offers the opportunity to increase yield and maximize return on investment. Ample on-site parking. Laundry room in building with coin-operated machines for additional income. The building has benefited from many recent updates, ensuring a turnkey acquisition for the next investor. Properties of this calibre with deep-rooted history and an excellent maintenance record are rarely available on the market. (id:66096)

Market Timing

Days on market

55d

Whitby (Downtown Whitby) listings, avg age

58d

Price / ft²

$243

List price

$2.00M

Homes here sell faster than most markets

Sold homes in this market spent an average of 25 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 98.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (L1N)

This home lists at $1,995,000, about 19.9× the local median household income of $100,000.

Carrying it typically needs a household income of about $389,693 (20% down, 25-yr amortization, stress-tested) — roughly 290% above the area median.

Median household income: $100,000
Population: 49,649
Median age: 43.6
Owner / renter: 73% / 27%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L1N)

$1,995,000· $243/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment20% · $399,000

Min 20%50%

Mortgage payment$8,508/mo

Property tax (est.)$2,034/mo

Total monthly$10,542

Cash Needed to Close

Down payment (20%)$399,000

Land transfer tax$36,375

Est. closing costs$8,485

Total cash needed$443,860

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

300 Athol Street, Whitby (Downtown Whitby) - Multi-family for Sale

Rental cashflow calculator

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L1N)

Book a showing

Full Cost Breakdown