403 PEACH TREE Lane

Manor Park - Cardinal Glen | 3103 - Viscount Alexander Park | K1K 2R7
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$1,369,000

Est. Mtg $4,642 /mo
  • Days on market

    21

  • Status

    New

Listing Broker RARE REAL ESTATE INC.
Since listed: 0 views

Home details

MLS #:

X10418773

Property type:
Triplex
Style:
Taxes:
$6,166
Possession:
Immediate
Lot Front:
55.94   Feet
Lot Depth:
99.87   Feet
Basement:
Finished | Full
Driveway Pkg:
0
Heat:
Gas | Baseboard

Description


403 PEACH TREE Lane, , Manor Park - Cardinal Glen and Area, Ontario is a Triplex property in Manor Park - Cardinal Glen and in the 3103 - Viscount Alexander Park community in the K1K 2R7 postal code


Turnkey triplex with significant upside. An additional third floor can be added under the current zoning and drawings for three additional bachelor units have been completed. The flat roof allows you to easily convert the property into a Legal 6plex. As is: The Upper Level 4-bedroom unit is renting for $2800, the 4 bedroom unit on the main level is renting for $2400, and the three-bedroom basement unit is renting for $2200 per month. Additional $275 per month of revenue from parking and laundry. Utilities are not included. Property currently has a cap rate of 5.27%. Perfect investment opportunity for growth-minded buyers. Construction services can be provided for those interested in adding the 3 units. Permits have been submitted for the 3 additional units. 24 hrs notice for showings due to tenants & 24 hrs irrevocable on all offers; as per form 244. Additional inclusions: 2 light fixtures in the basement., Flooring: Hardwood, Flooring: Laminate.

Extras

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History

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List Date End Date List Price End Price Status MLS #
2024-02 2024-11 $1,399,000 $1,399,000 Ter X9423155
2024-04 2024-11 $1,369,000 $1,369,000 Exp X9515004
2024-11 2024-11 $3,000 $3,000 New X10418848
2024-11 2024-11 $1,369,000 $1,369,000 New X10418773

Comparables

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sold Date Address List Price sold Price DOM

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Manor Park - Cardinal Glen :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 403 PEACH TREE Lane

Based on available 3rd party data

$5290

Approximate costs per month

Mortgage
$4642 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$513 p/m
Maintenance
$0 p/m

Amenities:

Features:

  • Fenced Yard
  • Park
  • Public Transit
Listing Broker RARE REAL ESTATE INC.
Data Source: TRREB

Payment calculator

$5155 monthly. In association with: TD Bank
%
  • Principal and Interest
    4642 /mo
  • Property Taxes
    $513 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Jim Millis, Realtor

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