46 Twenty Second St W
New Toronto, Etobicoke, M8V 3M1
FOR SALE
$3,499,000
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9 + 5
BEDROOMS10
BATHROOMS9 + 1
KITCHENS46
ROOMSW9032629
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Property Description
Discover this incredible investment opportunity: a stunning 10-plex with 80% of the units fully professionally renovated. Located within walking distance to Humber College, this property is situated in a highly desirable area with a strong demand for rental apartments.The 10-plex is ideally positioned in a quiet neighbourhood, offering tenants a peaceful living environment while still being close to the vibrant life of the college campus. The proximity to Lake Ontario provides easy access to scenic views and outdoor activities, enhancing the appeal for prospective tenants.Each renovated unit boasts modern finishes, ensuring a comfortable and stylish living space. With high-quality materials and craftsmanship, the renovations have significantly increased the property's value and attractiveness. The remaining units offer potential for future upgrades, allowing for further value addition.Adding to the investment's appeal is the on-site coin laundry facility, providing extra income for the landlord. This convenient amenity is highly appreciated by tenants, further boosting the property's rental potential.Investors will appreciate the steady rental income potential, driven by the constant demand from students and professionals seeking convenient housing near the college. The property's location in a quiet neighbourhood with easy access to public transportation, shopping centres, and recreational facilities makes it an even more attractive option for renters.Don't miss out on this exceptional investment opportunity. Secure your future with this prime 10-plex near Humber College, where high demand and quality renovations promise a profitable venture.
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Extras
6 x 2 bedroom 4 x1 bedroom, parking for 8 cars, new roof (2022), new electrical panels (2021), new plumbing, and newer windows.
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Property Details
Street
Community
City
Property Type
Multiplex, 2-Storey
Approximate Sq.Ft.
5000+
Lot Size
50' x 119'
Fronting
West
Taxes
$15,395 (2023)
Basement
Part Fin
Exterior
Brick
Heat Type
Water
Heat Source
Gas
Air Conditioning
Window Unit
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
None
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Etobicoke Market Statistics
Etobicoke Price Trend
46 Twenty Second St W is a 9-bedroom 10-bathroom home listed for sale at $3,499,000, which is $1,489,000 (74.1%) higher than the average sold price of $2,010,000 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 9 bedroom home in Etobicoke declined by $115,000 (5.4%) compared to the previous 30 day period (July 22 - August 20) and down $1,190,000 (37.2%) from the same time one year ago.Inventory Change
There were 8 9-bedroom homes listed in Etobicoke over the last 30 days (August 21 - September 19), which is up 14.3% compared with the previous 30 day period (July 22 - August 20) and down 20.0% compared with the same period last year.Sold Price Above/Below Asking ($)
9-bedroom homes in Etobicoke typically sold $11,000 (0.5%) above asking price over the last 30 days (August 21 - September 19), which represents a $334,000 increase compared to the previous 30 day period (July 22 - August 20) and ($195,000) more 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 9-bedroom homes in Etobicoke over the last 30 days (August 21 - September 19) stood at 12.5%, down from 42.9% over the previous 30 days (July 22 - August 20) and up from 10.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 9-bedroom 10-bathroom home in Etobicoke stood at 13 days when successfully sold over the last 30 days (August 21 - September 19), compared to 98 days before being removed from the market upon being suspended or terminated.Listing contracted with Ipro Realty Ltd
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