148 Portland Street, Toronto, ON
Property Highlights
Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of Mimico. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,588,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 6 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 28 x 126 ft lot
- Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Incredible opportunity to buy a fantastic income producing property. This newly renovated property is perfect for the savvy investor. 3 2 bedroom apartments all with their own temperature control. 3 furnaces and 3 AC units. Gorgeous modern finishes. 5 parking spots in the rear and coin laundry. Tenants pay their own gas and hydro which is all separated. Wonderful location close to highways, TTC and Go station. Next to San Remo bakery, coffee shops and eateries. A great investment with a great cap rate and NOI.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 148 Portland Street, Toronto W06, ON M8Y 1B2
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $1,588,000 in Toronto, the legal minimum down payment is $317,600 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $28,235 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $28,235 also applies, bringing the total estimated land transfer taxes to $56,470.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
