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5 Sorauren Avenue
homes for sale · Toronto · Roncesvalles
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$4,300,000

5 Sorauren Avenue

Roncesvalles, Toronto · MLS® W13852858

147

House · Multi-family · 22 days on market

listed by ANGELICA CHUNG, JDL REALTY INC.

realtor's description

Rare Multi-Residential Investment & Development Opportunity in Toronto! Exceptional opportunity to acquire an established legal 7-unit multi-residential property with approved plans for Phase 2 development of an additional 5 residential units - offering the potential for a 12-unit multi-residential property upon completion. The existing building consists of 7 self-contained residential units, providing immediate rental income while offering significant value-add potential through the approved second phase. Ideally situated in the highly desirable Sorauren/Parkdale neighbourhood, steps to Sorauren Avenue Park and minutes to Roncesvalles Village, Queen Street West, TTC, shops, restaurants and everyday amenities. An outstanding opportunity for investors, developers and multi-residential operators to acquire an income-producing asset with a clear path for further intensification in a prime Toronto location. Existing 7 legal units + approved plans for 5 additional units - a truly unique investment and development opportunity.

property details

type
House, Multi-family

similar homes nearby

bedrooms
14
bathrooms
7
parking
0
property tax
$8,502 / yr
days on market
22
MLS®
W13852858

features

  • Carpet Free
  • Oven - Built-In

monthly cost

$19,443/mo
Mortgage $18,735 · Tax $708

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

estimated payment
$18,735/ monthly
loan $3,440,000
25-year amortization
total interest
$2,180,406
cash to close
$860,000
down payment; transfer tax and fees not included
total paid
$5,620,406

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
ANGELICA CHUNG
JDL REALTY INC.
call ANGELICA · 416-838-1209
Powered by: REALTOR.ca

location

Roncesvalles, TorontoGoogle Maps ↗

location

Roncesvalles, TorontoGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

nothing comparable on the market right now.