28A Third St
New Toronto, Etobicoke, M8V 2X6
FOR SALE
$3,195,000
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6 + 1
BEDROOMS6
BATHROOMS6
KITCHENS18
ROOMSW10422790
MLSIDContact Us
Property Description
2.91% assumable mortgage due June 2030 with an extremely low monthly payment of only $7,988! This turn key six-plex contains 5-two Bedroom units and 1-bachelor unit. Building and units were fully renovated in 2019, down to the studs. All units fully renovated throughout with quality, long lasting finishes including new kitchen, bathrooms, radiators, floors, appliances, in-wall AC units and in-suite washer/dryer. The building has new electrical & plumbing throughout, furnace, on-demand hot water, FOB entry and security cameras. Essentially a no maintenance building. All units fully tenanted, at market rent. A once in a lifetime opportunity to go back in time and buy with low rates. Individual hydro meters. 5 car parking. $500,000 of interest rate savings over the remaining term of the mortgage (5 years) using todays rates.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-05-16 | 2022-07-15 | 60 | $1,595 | $1,595 | Leased |
| 2021-07-05 | 2021-07-29 | 24 | $1,550 | - | Terminated |
| 2021-03-05 | 2021-06-30 | 118 | $1,495 | - | Expired |
Extras
Mortgage of $2,100,000 at 2.91% monthly payments of $7,988 due June 1st, 2030. Original amortization of 40 years. Total sq. ft. of 3,648 as per floor plans includes. All units are renovated the same as the unit in the photos.
Nearby Intersections
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Property Details
Street
Community
City
Property Type
Multiplex, 2-Storey
Lot Size
50' x 57'
Lot Irregularities
Irregular, Drive
Fronting
South
Taxes
$6,903 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
5
Driveway
Private
Garage Type
None
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Etobicoke Market Statistics
Etobicoke Price Trend
28A Third St is a 6-bedroom 6-bathroom home listed for sale at $3,195,000, which is $543,454 (14.5%) lower than the average sold price of $3,738,454 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 6 bedroom home in Etobicoke increased by $410,721 (12.3%) compared to the previous 30 day period (September 21 - October 20) and up $763,954 (25.7%) from the same time one year ago.Inventory Change
There were 25 6-bedroom homes listed in Etobicoke over the last 30 days (October 21 - November 19), which is down 28.6% compared with the previous 30 day period (September 21 - October 20) and up 78.6% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in Etobicoke typically sold ($136,699) (3.7%) below asking price over the last 30 days (October 21 - November 19), which represents a $22,433 decrease compared to the previous 30 day period (September 21 - October 20) and ($111,891) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 6-bedroom homes in Etobicoke over the last 30 days (October 21 - November 19) stood at 44.0%, up from 42.9% over the previous 30 days (September 21 - October 20) and down from 85.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 6-bedroom 6-bathroom home in Etobicoke stood at 36 days when successfully sold over the last 30 days (October 21 - November 19), compared to 69 days before being removed from the market upon being suspended or terminated.Listing contracted with Brad J. Lamb Realty 2016 Inc.
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