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18 Shorncliffe Avenue
homes for sale · Toronto · Casa Loma
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$3,750,000

18 Shorncliffe Avenue

Casa Loma, Toronto · MLS® C13144392

63

4,839 sq ft · House · Multi-family · 158 days on market

listed by NOAM MUSCOVITCH, ROYAL LEPAGE REAL ESTATE SERVICES LTD.

realtor's description

Legal five-unit residence in Forest Hill South, on a quiet corner at Spadina Road and steps to Forest Hill Village. Fully tenanted and generating strong in-place income across five self-contained, separately metered suites. Approximately 4,800 square feet above grade across three storeys and a finished at-grade lower level, arranged as a two-bedroom main-floor suite with walk-out to a private landscaped garden, a one-bedroom lower suite with separate entrance, and three upper apartments. Several suites have been recently renovated with new flooring, lighting, fixtures and stainless appliances.The significant capital work is already complete: comprehensive rewiring, copper plumbing upgrades and replacement windows between 2013 and 2015, together with a gas-fired boiler and air conditioning installed in 2014. Five hydro meters allow tenant-paid electricity. Separate laundry serves the main and lower suites; the upper apartments share coin-operated laundry. Three parking spaces including an attached garage. A rare income holding in one of Toronto's most established residential pockets, minutes to top-ranked schools, parks, transit, and the shops and restaurants of Forest Hill Village. Some images may be virtually staged.

property details

type
House, Multi-family
bathrooms
6
living area
4,839 sq ft
parking
3
property tax
$9,100 / yr
days on market
158
MLS®
C13144392

features

  • Irregular lot size
  • Window Coverings

monthly cost

$17,097/mo
Mortgage $16,338 · Tax $758

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$16,338/ monthly
loan $3,000,000
25-year amortization
total interest
$1,901,517
cash to close
$750,000
down payment; transfer tax and fees not included
total paid
$4,901,517

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
NOAM MUSCOVITCH
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
call NOAM · 416-921-1112
Powered by: REALTOR.ca
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location

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0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

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