$790,000
For sale: Multiplex

Attention Builders, Developers & Investors! Exceptional redevelopment opportunity at 76 Greenland Ave, Toronto. The existing home has been stripped to the studs and is being sold primarily for its outstanding development potential. Building permits are in place for four Plex unit residential development, allowing the next owner to move forward with construction immediately and avoid the lengthy approval process.An outstanding opportunity to develop a 4 unit property in a growing Toronto neighbourhood with strong rental demand. Conveniently located close to transit, schools, parks, shopping, and major highways. Ideal for builders, developers, and investors looking to capitalize on a project with permits already secured.Buyer to verify all permits, plans, measurements, and development details to their own satisfaction.
Sold data
Multiplex homes in Toronto (Rockcliffe-Smythe) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 84 days.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 (Rockcliffe-Smythe) 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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Multiplex29 BERNICE CRESCENT, Rockcliffe-Smythe, Toronto