$1,799,000
For sale: Multiplex

Exceptional Multiplex Investment Opportunity! Prime McCowan & Lawrence location featuring 4 legal one-bedroom apartments, plus 2 additional units with potential for legal conversion, subject to City of Toronto zoning, building and permit requirements. Located directly across from Scarborough General Hospital, with excellent public transit access and proximity to major healthcare and transportation facilities. The City of Toronto has verbally indicated potential for conversion to a seniors' home, subject to formal approvals, permits and applicable requirements. An excellent opportunity for investors, developers and operators seeking income, redevelopment and conversion potential. Buyers and cooperating brokerages are advised to conduct their own independent due diligence regarding zoning, permitted uses, building code compliance, licensing, permits, legal unit status and any proposed conversion or redevelopment.
Sold data
Multiplex homes in Toronto (Bendale) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 55 days.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.
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
Toronto (Bendale) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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