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Publicly listedPosted 4 months ago

601 Pharmacy Avenue Toronto (Clairlea-Birchmount), Ontario

Pharmacy Avenue, Toronto (Clairlea-Birchmount), ON, M1L3H1

Asking Price

$1,499,900

5

Beds

4

Baths

2,100

Sq ft

Detached

Type

Listed on MLS and shown here with a PrivateDeals opportunity analysis. PrivateDeals is not the listing brokerage.

About this property

Want a chance to own over a quarter of an acre of land in Toronto?! This unique, L-shaped lot offers a tremendous opportunity for savvy investors, developers, and end users alike. The 50 x 169.84 ft lot has the potential to be severed into two 25 ft lots, with a fourplex & garden suite on each lot, for a total of 10 units! If you're a family looking for more space, this 5-bedroom home boasts over 2,100 sq ft above grade, including four second-storey bedrooms with double closets and vaulted ceilings. The spacious, sun-soaked family room features a brick fireplace and soaring, vaulted ceilings, the perfect space for entertaining. Walk out to a large deck overlooking the backyard sanctuary, with ample space to add a garden suite or create the garden of your dreams! The property boasts a two-storey, detached garage and a large private driveway, suitable for up to four vehicles. Located in a sought-after, family-friendly neighbourhood with fantastic schools, parks and plenty of transit options, the possibilities are truly endless. Bring your vision to life at 601 Pharmacy Ave - The LOT of Potential! (id:24493) MLS® #E13175990 The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA

Opportunity analysis

Opportunity score

8 / 10

Recommended strategy

Rental

Automated estimate generated from listing data. Not a property valuation or investment advice.

Facts and features

Property type

Detached

Square feet

2,100 sq ft

Lot size

50 x 169.84 ft (~0.195 acres)

Parking

large private driveway, suitable for up to four vehicles

Basement

detached garage

Separate entrance

Yes

Business case

Strengths

  • Large detached lot with over 2,100 sq ft above grade
  • 5 bedrooms with double closets and vaulted ceilings
  • Located in a family‑friendly neighbourhood with excellent schools, parks and transit

Opportunities

  • Potential to sever 50 x 169.84 ft lot into two 25 ft lots
  • Opportunity to build a garden suite on each lot
  • Potential to create a total of 10 units (fourplex & garden suite)

Weaknesses

  • No basement

Mortgage calculator

Full calculator

20.0%

0%
20%
50%
100%

Monthly payment (principal + interest)

$8,037

Down payment

$299,980

Mortgage amount

$1,199,920

Rate · amortization

6.5% · 25 yrs

Canadian semi-annual compounding. Add CMHC & land transfer tax →

Cash flow analysis

Full rental analysis

/month

What it would rent for, all units combined

%

= $299,980 · linked to the mortgage calculator

/mo

Est. 1.2% of price a year

/mo

Repairs, condo fees

Monthly cash flow

NET / MOAdd the rent

Enter the rent to see if this home pays for itself.

Rent needed to break even

$9,537/mo

Mortgage (P+I)

−$8,037

Property tax

−$1,500

Asking Price

$1,499,900

Interested in this property?

Get full details, or a cash offer if you're the owner.

Or call (647) 333-0170

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