$2,590,000
For sale: Multiplex

Exceptional turnkey investment opportunity in Palmerston-Little Italy, one of Toronto's most vibrant and in-demand communities. Excellent income generator with potential for even more with existing parking and possible laneway suite (buyer to confirm). This extremely well-located and well-built legal fourplex offers four self-contained luxury apartments with separate entrances and large private balconies, high-end finishes and fixtures, solid hardwood floors, high ceilings and lots of natural light. Spacious, thoughtfully designed layouts. Each apartment features a full custom kitchen with a large island, premium granite countertops and full-size stainless-steel appliances, as well as an in-suite laundry, independent heating and air conditioning systems, soundproofing, intercom and more. The lower level has a heated floor system in addition to forced air heating and cooling. Each unit has separately metered gas and hydro and a rough-in for water metering. There is also a backyard with on-site parking. This property was completely gutted down to the double brick, and rebuilt all new with a large extension. Top-quality construction with long-term performance and style in mind. Steps to Bloor Street, two TTC Bloor line subway stations, multiple bus routes, Harbord St., College St, Annex, Little Italy, and Ossington Strip restaurants, shops, schools, parks, bike paths, museums and all amenities. Just minutes to the University of Toronto, University Health Network, Yorkville, and the Downtown Core, this is a great location for attracting quality tenants and securing long-term value. Ideal for investors, multi-generational living or as a private residence with a great source of income. A rare turnkey investment in one of Toronto's most coveted neighbourhoods!
Sold data
Multiplex homes in Toronto (Palmerston-Little Italy) took a median of 32 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 73, across 34 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 84 days.
The median sale price was $1,262,000.
Homes sold for about 5.7% below asking on average, so there was room to negotiate.
About 15% of sales closed above the list price.
Around 15% of sellers reduced their price before finding a buyer.
Based on 34 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 (Palmerston-Little Italy) 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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