35 Third Street, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of New Toronto. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,799,900 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.
- 10 Bedrooms and 6 Bathrooms with 6 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 40.06 x 123.26 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available
- Notable attributes: None
- Efficient water heating via gas
Description
Purpose-built sixplex in prime South Etobicoke, steps to Lake Ontario and Prince of Wales Park. Solid brick construction with four 2-bedroom units. All units are spacious and well-laid out, with good natural light. Quiet residential street near parks, trails, schools, and transit. Total sq ft 4,746 as per floor plans. Recent capital improvements include: full electrical rewiring (2022), fire safety upgrades (2022) new PVC sewer line (2020), and roof replacement (2012). Units are separately metered (hydro). Coin-operated laundry on-site adds additional income. Private drive with Five surface parking spots at rear. Reliable tenant profile with significant upside on turnover-rents are currently below market. Strong long-term hold with stable income and potential to improve cashflow. Low vacancy area with consistent rental demand. Excellent location close to the lake, shops, transit, and major highways. Ideal for investors seeking a turn-key multi-unit asset in a desirable west-end neighbourhood. PROPERTY IS FULLY TENANTED, ALL TENANTS TO BE ASSUMED. DO NOT ASK FOR VACANT POSSESSION. Please do not disturb tenants or walk the property without an appointment. One year Property Management Included, ask LA for details. FREE PROPERTY MANAGEMENT FOR ONE YEAR.
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Pricing & Value Insights
Data-driven valuation for 35 Third Street, Toronto W06, ON M8V 2X7
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 $1,799,900 in Toronto, the legal minimum down payment is $359,980 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 $32,473 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $32,473 also applies, bringing the total estimated land transfer taxes to $64,946.
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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.
