57 Days on Market

144 Lake Cres, Toronto, Ontario M8V 1W1

$1,349,000
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Townhouse
5
3
- sqft

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Highlights

Estimated Value$1,362,000*

Price/Sqft-

Days On Market57 days

Est. Mortgage$5,793/mth

Tax Amount (2023)$4,904/yr

*Last updated on: 24/07/22

Description

This Triplex in Mimico Village, given its excellent condition, is an attractive opportunity, presenting three distinct Buyer options: 1) Ideal for a multi-generational Family looking to occupy all three Apartments. 2) Perfect for a Buyer interested in living in one unit while generating approximately $50,000 to $60,000 annually in additional income. 3) A great option for Investors seeking a 5% cap rate. Situated in sought-after Mimico Village on a nice street, residents will appreciate the proximity to excellent schools, serene lakefront parks, convenient transportation options including streetcar access to downtown, the Go Train, bus routes to the subway, shops, a variety of dining options, and of course, the renowned San Remo Bakery and Cafe


Property Details

Style2-Storey
View-
Age of property-
SqFt-
Lot Size3,625 SqFt(125 x 29)
Parking Spaces3
MLS ®NumberW8394042
Community NameMimico
Data SourceTRREB

Features

Heating: Forced Air
Cooling: Central Air
Basement: Apartment, Sep Entrance

Main Floor

Living

4.74 x 3.42

Picture Window / Laminate

Kitchen

3.52 x 2.11

Large Window / Laminate / W/O To Deck

Breakfast

2.95 x 255.00

Large Window / Pantry / Laminate

Br

3.63 x 2.66

Large Window / Closet / Laminate


Features

Lot size: 3,625 SqFt

Parking

Garage spaces 1

Garage type Attached

Other parking spaces 2

Total parking spaces 3


Property History

Now
Listed for$1,349,000
57 days on market
history photo preview30
May 24, 2024
Listed for$1,599,999Terminated
20 days on market
history photo preview10
May 7, 2024
Listed for$1,899,999Terminated
65 days on market
history photo preview9
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Property listed by RE/MAX PROFESSIONALS INC., Brokerage

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Market DataFor the past 30 days in Mimico

Median Selling Price

$1,050,000

10.82% more than GTA:

$947,500

Median Bidding

Underbidding - Trending to buyer market

-$14,000

GTA median: -$9,000

Median Number of Sales

9 sales

510 sales less than GTA:

519 sales

Median Number of Days on Market

20 days

3 days more than GTA:

17 days

Want more insights?Visit the Market Pulse


Schools and amenities

Estimated Budget