1393 AVENUE ROAD, Toronto (Lawrence Park South)

$1,799,000

For sale: Multiplex

Multiplex at 1393 AVENUE ROAD, Toronto (Lawrence Park South)
Property type
Triplex
Bedrooms / bathrooms
5 bedrooms, 3 bathrooms
Living area
2,500 sqft
MLS®
MLS® C14031602
Neighbourhood
Lawrence Park South

Situated in prime Lytton Park, this lovely Tudor style triplex presents an excellent income generating investment opportunity in one of Toronto's most sought after neighbourhoods. Fully tenanted & well cared for, this property is steps from John Ross Robertson & Havergal College. Two spacious above grade units feature hardwood flooring, lead glass windows & gas fireplaces. The lower unit has pot lights and a combined kitchen and living room. Surrounded by mature trees & multi million dollar homes, the property is conveniently located near the amenities of Avenue Road and Yonge Street and steps to the Avenue Road express bus for an easy commute downtown. All tenants are on month to month leases & would love to stay, offering immediate rental income & strong long term value. Parking is exceptional, with a deeded double car garage & private drive off Glenview Avenue accommodating up to 6 cars. Tenants enjoy the proximity to the beautiful walking trails through the Chatsworth ravine. See Income and Expenses in the attachment on line. The attached semi, is currently single family home, but is zoned duplex and was a triplex in the past. It can be purchased together with the adjacent property (MLS #C14031616). Photos of the main and second level are virtually staged.

Sold data

Multiplex homes in Toronto (Lawrence Park South) — recent sold market

Multiplex homes in Toronto (Lawrence Park South) took a median of 28 days to sell over the last 90 days, with the quickest quarter selling within 9 days and the slowest quarter taking more than 73, across 46 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 55 days.

The median sale price was $1,449,450.

Homes sold for about 3.7% below asking on average, so there was room to negotiate.

About 26% of sales closed above the list price.

Around 15% of sellers reduced their price before finding a buyer.

Median days to sell
29
Median sale price
$1,449,450
Sale-to-list ratio
96.3%
Sold above asking
26%

Based on 46 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Toronto (Lawrence Park South)

Toronto (Lawrence Park South) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.

Rated schools
529
Elementary
425
Secondary
104
Average rating
6.2 / 10

Top-rated schools in Toronto (Lawrence Park South)

  • Cottingham — elementary, TorontoFraser rating 10.0/10
  • High Park Alternative — elementary, TorontoFraser rating 10.0/10
  • Northmount — elementary, TorontoFraser rating 10.0/10
  • Sathya Sai — elementary, TorontoFraser rating 10.0/10
  • St Michael's Choir — secondary, TorontoFraser rating 10.0/10
  • St Sebastian — elementary, TorontoFraser rating 10.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 1393 AVENUE ROAD