40 Dominion Rd
Long Branch, Etobicoke, M8W 1J7
FOR SALE
$2,149,000
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6 + 2
BEDROOMS4
BATHROOMS2 + 2
KITCHENS10 + 5
ROOMSW9349317
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Property Description
Welcome to 40 Dominion Rd, an Incredible Rare Investment Opportunity Located South Of Lake Shore Blvd in the Heart of Long Branch. Steps away from the Long Branch GO Station, Marie Curtis Park, Trendy Shops and Major Highways with Direct access from Browns Line to Sherway Gardens, 427 and QEW/Gardiner. The Property Sits on a Very Large 45 x 150 ft Deep exterior Lot with an incredible Detached Double Garage complete with Electricity and Expansion Potential. This legal Triplex has 4 rentable units, including 2 very large 3-bedroom apartments on the 1st and 2nd floor, with an additional 2 lower units, each with 1 Bedroom and a large Kitchen/Living area. The Basement is complete with coin laundry and all windows are above grade. The unit has an excellent financial profile and a fantastic net operating income. If you are looking for a great return on investment with additional future upside Potential, Then Look no further, Your dream investment opportunity is here! **EXTRAS** This Property Also Qualifies For A 1290 sq ft Garden Suite Which Would Increase the Income and Value To The Owner. Property has a 4.5% cap rate.
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Nearby Intersections
Lake Shore & Browns (24)
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Property Details
Street
Community
City
Property Type
Multiplex, 2-Storey
Lot Size
45' x 150'
Fronting
North
Taxes
$6,838 (2024)
Basement
Apartment, Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
5
Driveway
Pvt Double
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 13.91' x 14.47' | Double Sink, Ceramic Back Splash, Eat-In Kitchen |
| Living | Main | 15.58' x 13.12' | Laminate, Large Window, O/Looks Frontyard |
| Br | Main | 12.34' x 13.12' | Laminate, Picture Window, Closet |
| 2nd Br | Main | 10.17' x 13.12' | Laminate, Picture Window, Closet |
| 3rd Br | Main | 10.07' x 10.83' | Laminate, Picture Window |
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Etobicoke Market Statistics
Etobicoke Price Trend
40 Dominion Rd is a 6-bedroom 4-bathroom home listed for sale at $2,149,000, which is $499,628 (30.3%) higher than the average sold price of $1,649,372 in the last 30 days (January 19 - February 17). During the last 30 days the average sold price for a 6 bedroom home in Etobicoke declined by $630,628 (27.7%) compared to the previous 30 day period (December 20 - January 18) and down $683,628 (29.3%) from the same time one year ago.Inventory Change
There were 24 6-bedroom homes listed in Etobicoke over the last 30 days (January 19 - February 17), which is up 33.3% compared with the previous 30 day period (December 20 - January 18) and up 14.3% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in Etobicoke typically sold ($138,427) (8.4%) below asking price over the last 30 days (January 19 - February 17), which represents a $81,573 increase compared to the previous 30 day period (December 20 - January 18) and ($82,500) 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 (January 19 - February 17) stood at 20.8%, up from 5.6% over the previous 30 days (December 20 - January 18) and down from 28.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 6-bedroom 4-bathroom home in Etobicoke stood at 73 days when successfully sold over the last 30 days (January 19 - February 17), compared to 94 days before being removed from the market upon being suspended or terminated.Listing contracted with Harvey Kalles Real Estate Ltd.
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Rarely offered! Sought after multi-residential investment property in the "Heart" of the Beach! Amazing, pristine location just North of Queen St. E. Within minutes of terrific shopping, dining, the boardwalk, schools, TTC and highways. Exceptionally well maintained with 3-2 bedroom above grade suites and one open concept Studio suite in lower level. Private fenced large rear backyard. Showings for some of the 3 of the suites from 2-7 pm daily . **EXTRAS** Features a 2 car attached garage with 1 additional parking spots in the private drive. The first floor suite has a walk-out to a balcony and is the only suite that has not been renovated. 2nd and 3rd suites have air conditioning.
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