122 Parkmount Road Sold 4 days ago

Toronto, Greenwood-Coxwell, M4J 4V4

$1,390,000$000000

Description

Listed by RE/MAX ULTIMATE REALTY INC..

Live in one unit and rent the other two! Welcome to this stunning property nestled on a tranquil, tree-lined residential street, perfectly positioned between Danforth and Monarch Park. This impeccably crafted 3-unit home offers a gross rent of $7450/month, presenting a lucrative income stream for savvy investors or end-users who wish to live in one of the units and rent out the others. Fully renovated in 2017 with over $400K in renovations, each unit features separate entrances, ensuite laundry, and their own heating and cooling systems. With a projected CAP rate of 5.87% and positive cash flow, this property represents a rare find in Toronto's competitive real estate market. The main floor unit and basement unit are currently vacant, offering flexibility for new owners to either move in or rent out at market rates. The second-floor unit boasts vaulted ceilings in the bedroom and bathroom, adding a touch of grandeur, while both the second-floor and main floor units feature inviting decks, perfect for relaxing or entertaining. Whether you're seeking a turnkey investment property or a stunning residence with income potential, this opportunity offers the best of both worlds.

Enjoy easy access to amenities & transportation options. The proximity to Coxwell Station makes commuting a breeze, with a mere 9-min walk. 1 designated parking spot at the rear of the property. Open House this Sat/Sun May 25th-26th 2-4pm

Location

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  • Address: 122 Parkmount Road
  • Neighborhood: Greenwood-Coxwell
  • City: Toronto
  • State: Ontario
  • Postal Code: M4J 4V4

Property Video

Property Details

  • Property ID: E8300978
  • Property Price: $1,390,000
  • Style: Semi-Detached, 2-Storey
  • Sq/Ft: 1100-1500
  • Rooms: 9+4
  • Bedrooms: 4+1
  • Bath: 3
  • Parking Spaces: 1
  • A/C: Wall Unit
  • Basement: Apartment, Sep Entrance
  • Den: N
  • Elevator: N
  • Exterior: Brick, Metal/Side
  • Heating: Heat Pump
  • Fireplace: N
  • Taxes: $5,123.65 (2023)
  • Acreage: < .50 Acres
  • Lot: 100.00x18.33 (Feet)

Room details and dimensions

Statistics for similar Semi-Detached homes in Greenwood-Coxwell

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Semi-Detached homes in Greenwood-Coxwell

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Semi-Detached homes in Greenwood-Coxwell

Property History

This property has been sold 2 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100

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