$1,899,000
For sale: Multiplex

Rare opportunity to own an exceptionally large, brand new fully detached legal triplex with additional laneway access and a city-approved laneway house opportunity-drawings included and major infrastructure already completed (electrical, plumbing, drainage, water line and concrete foundation), offering the next owner the potential to significantly increase long-term income and value. This purpose-built property is ideal for investors, multi-generational families, or buyers looking to live in one unit while generating substantial rental income from the others. Thoughtfully designed and built with quality craftsmanship throughout, the property features three self-contained units with 3 kitchens, 7 bedrooms and 6 bathrooms, along with three separate hydro and gas meters. Each unit includes tankless hot water heaters, independent furnaces and air conditioners, private in-suite laundry, engineered hardwood flooring, pot lights throughout, and brand new stainless steel appliances. Security cameras are installed around the property for added peace of mind. Public transit is at the doorstep with a direct bus to the subway, making this a rare turn-key investment in a convenient location. The main floor unit offers 9-ft ceilings, a bright open layout with office space, two bedrooms and one bathroom, plus a spacious living room and modern kitchen with quartz countertops and stainless steel appliances leading to a private deck. The upper unit spans two levels with two bedrooms each featuring their own ensuite bathrooms, a large sun-filled living room and kitchen overlooking the backyard, while the upper level offers a private primary retreat with two balconies and a spa-inspired ensuite with quartz counters, double sinks, light-up mirror and tunnel skylight. The basement suite features 8-ft ceilings, two bedrooms each with its own ensuite bathroom, a spacious living and dining area, and a bright kitchen with walk-up access to the backyard.
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 84 days.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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