$1.4 mln - 4 Bedroom - House in Toronto,ON - 122 Parkmount Rd | HomeSmile
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listed 16 days ago
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listed 16 days ago
$1,390,000AI EST: +1.6% $1,412K Valuation info
122 Parkmount Rd
4 +1
bedrooms
3
bathrooms
1
parking spaces

Description

Live in one unit and rent the other two! Welcome to this stunning property nestled on a tranquil, tree-lined residential street, perfectly positioned between Danforth and Monarch Park. This impeccably crafted 3-unit home offers a gross rent of $7450/month, presenting a lucrative income stream for savvy investors or end-users who wish to live in one of the units and rent out the others. Fully renovated in 2017 with over $400K in renovations, each unit features separate entrances, ensuite laundry, and their own heating and cooling systems. With a projected CAP rate of 5.87% and positive cash flow, this property represents a rare find in Toronto's competitive real estate market. The main floor unit and basement unit are currently vacant, offering flexibility for new owners to either move in or rent out at market rates. The second-floor unit boasts vaulted ceilings in the bedroom and bathroom, adding a touch of grandeur, while both the second-floor and main floor units feature inviting decks, perfect for relaxing or entertaining. Whether you're seeking a turnkey investment property or a stunning residence with income potential, this opportunity offers the best of both worlds.
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Sold history


General Info

4+1 bedroom semi-detached house in Toronto
122 Parkmount Rd, MLS: E8300978

Style | Type
2-storey | semi-detached
Lot Width
18.3 ft
Lot Length
100.0 ft
Total Approx. Floor Area
1100-1500 sqft

Rooms

Bedrooms
4+1
Total Rooms
9+4
Bathrooms
3
Basement
apartment+sep entrance

Parking

Garage spaces
0
Total spaces
1
Driveway
mutual

Financial info

Taxes
$5,124 / 2023

Additional info

Fireplace/Stove
none
Heating
heat pump
Cooling
wall unit
Extras
enjoy easy access to amenities & transportation options. the proximity to coxwell station makes commuting a breeze, with a mere 9-min walk. 1 designated parking spot at the rear of the property.

Rooms

FloorNameSize (m)Comments
2ndKitchen1.91 x
3.91
Modern Kitchen, Renovated, Quartz Counter
2ndLiving3.91 x
3.53
Beamed, Open Concept, W/O To Deck
2ndBr3.15 x
2.26
Double Closet, Vaulted Ceiling, Large Closet
2nd2nd Br2.36 x
2.24
Laminate, Large Window, Double Closet
MainKitchen1.83 x
4.67
Modern Kitchen, Quartz Counter, Open Concept
MainLiving3.71 x
3.76
Open Concept, Beamed, Renovated
Main3rd Br2.59 x
3.20
Vaulted Ceiling, Large Window, Laminate
Main4th Br1.96 x
2.64
Large Window, Double Closet, Laminate
BsmtKitchen3.63 x
3.63
Modern Kitchen, Quartz Counter, Renovated
BsmtLiving3.53 x
2.64
Laminate, Open Concept, Renovated
Bsmt5th Br3.07 x
2.31
Laminate, Window, Double Closet

Other

Possession Details
immediate
Nearby Amenitites
hospital, public transit, rec centre, school
Exterior Finish
brick+metal/side
Handicapped Equipped
none
Listing Brokerage
re/max ultimate realty inc.
Listing Sub-Area
greenwood-coxwell

Listing Information

Initial price
$1,450,000
Revised Price
$1,390,000
Listed date
2 may 2024
Days On The Market
16
HomeSmile AI estimate
$1,412,499 Valuation info
FOR SALE
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