164 days on Market

46 Twenty Second St, Toronto, Ontario M8V 3M1

Townhouse
9 + 5
10
~5000+ sqft
$3,499,000
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Townhouse
9 + 5
10
~5000+ sqft

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Highlights

Estimated ValueNot available

Price/Sqft$350/sqft

Est. Mortgage$15,027/mo

Tax Amount (2023)$15,395/yr

Days On Market164 days


Description

Discover this incredible investment opportunity: a stunning 10-plex with 80% of the units fully professionally renovated. Located within walking distance to Humber College, this property is situated in a highly desirable area with a strong demand for rental apartments.The 10-plex is ideally positioned in a quiet neighbourhood, offering tenants a peaceful living environment while still being close to the vibrant life of the college campus. The proximity to Lake Ontario provides easy access to scenic views and outdoor activities, enhancing the appeal for prospective tenants.Each renovated unit boasts modern finishes, ensuring a comfortable and stylish living space. With high-quality materials and craftsmanship, the renovations have significantly increased the property's value and attractiveness. The remaining units offer potential for future upgrades, allowing for further value addition.Adding to the investment's appeal is the on-site coin laundry facility, providing extra income for the landlord. This convenient amenity is highly appreciated by tenants, further boosting the property's rental potential.Investors will appreciate the steady rental income potential, driven by the constant demand from students and professionals seeking convenient housing near the college. The property's location in a quiet neighbourhood with easy access to public transportation, shopping centres, and recreational facilities makes it an even more attractive option for renters.Don't miss out on this exceptional investment opportunity. Secure your future with this prime 10-plex near Humber College, where high demand and quality renovations promise a profitable venture.


Property Details

Style2-Storey
View-
Age of property31-50
SqFt~5000+ SqFt
Lot Size5,950 SqFt(119 x 50)
Parking Spaces8
MLS ®NumberW9032629
Community NameMimico
Data SourceTRREB
Listing byIPRO REALTY LTD

Features

Heating: Water
Cooling: Window Unit
Basement: Part Fin

Features

Lot size: 5,950 SqFt

Parking

Garage spaces 8

Garage type None

Other parking spaces 0

Total parking spaces 8


Property listed by IPRO REALTY LTD, Brokerage

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Market Data - Mimico

Strong Buyer's Market

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

112 days

Compared to

2023

8 days

2022

23 days

2021

22 days

New Listings

Past 30 days

8 listings

Compared to

2023

6 listings

2022

5 listings

2021

3 listings

Units sold

Past 30 days

1 unit

Compared to

2023

3 units

2022

5 units

2021

3 units

Median Sold Price

Past 30 days

$2,305,000

Compared to

2023

$1,020,000

2022

$1,192,500

2021

$915,000


Population and Demographics

Overview

Total population 25277
Average household income $124,271

Age (%)

35 to 49
23%
20 to 34
23%
50 to 64
20%
0 to 19
18%
65 and plus
16%

Household composition (%)

Single family
51%
Single person
41%
Multi person
7%
Multi family
0%

Mother tongue (%)

English
71%
Polish
5%
Spanish
4%
Tibetan
3%
Tagalog (Pilipino, Filipino)
3%
Others
2%
Portuguese
2%
Russian
2%
Ukrainian
2%
French
1%

House tenancy (%)

Renters
58%
Owners
42%

Schools and amenities

Estimated Budget