8 Nineteenth Street, Toronto, ON
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Property Highlights
Welcome to this remarkable 2 1/2 Storey triplex located in the coveted neighborhood of New Toronto. Expertly crafted featuring premium brick and brick front construction, this residence presents an exceptional opportunity offered at $1,200,000 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.
- 5 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 30.04 x 119.11 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Other
- equipped with window unit(s) central cooling and highly efficient radiant heating via gas
Description
This highly-maintained, purpose-built triplex in Toronto's high-demand Long Branch neighbourhood a strategic investment offering immediate cash flow, significant appreciation potential, and minimal management hassle. This turnkey property boasts an exceptional location steps from Humber College's steady tenant pool and mere minutes to Lake Ontario & Colonel Sam Smith Park, ensuring premium rents and high tenant retention. The 2,655 sq ft triplex features three pristine, self-contained suites: two spacious 2-bedroom units currently generating reliable month-to-month income, and one bright vacant 1-bedroom unit ready for immediate rental or owner occupancy, maximizing your yield from day one. Ownership costs are streamlined as tenants cover their own utilities. Unparalleled walkability (3-5 minutes to restaurants, shopping, medical services; 5-10 minutes to Humber College) guarantees strong rental fundamentals. Critically, significant untapped equity exists with the highly lucrative possibility to construct an additional Lane Way/Garden Suite, dramatically boosting rental income and property value. This asset combines dependable current cash flow from a desirable location with a clear, high-impact path to substantially enhanced future returns through development, making it a standout opportunity in Toronto's thriving rental market.
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Key Features
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 8 Nineteenth Street, Toronto W06, ON M8V 3L3
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 $1,200,000 in Toronto, the legal minimum down payment is $240,000 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 $20,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $20,475 also applies, bringing the total estimated land transfer taxes to $40,950.
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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.
