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.
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 score
8 / 10
Recommended strategy
RentalAutomated estimate generated from listing data. Not a property valuation or investment advice.
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
Strengths
Opportunities
Weaknesses
20.0%
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 →
/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
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
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