323 Mortimer Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable 2 1/2 Storey fourplex located in the coveted neighborhood of Danforth Village-East York. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,779,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 8 Bedrooms and 8 Bathrooms with 4 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 33.66 x 110 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Accessory Apartment
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to an outstanding LEGAL 4 UNIT multiplex built to the highest standards in one of East York's most desirable pockets. This all-brick residence spans approximately 5000 square feet and delivers an ideal blend of quality craftsmanship, versatile living, and strong rental income potential. The property features two (2) spacious three-bedroom, four-bathroom upper units designed for comfortable family living, complemented by two (2) bright garden-level bachelor suites perfect for generating supplementary income. All 4 units will be vacant at closing giving you a great opportunity to set your own rents and choose your tenants! Each unit boasts custom cabinetry and en-suite laundry - thoughtful touches that elevate daily living and attract quality tenants. Two dedicated parking spots round out the offering.Whether you're a multi-generational family seeking connected yet independent living spaces, a seasoned investor building a low maintenance rental portfolio, or a savvy buyer looking to offset mortgage costs through rental revenue, this property checks every box. Nestled near the vibrant Danforth corridor, residents will enjoy easy access to eclectic dining, cafes, patios, boutique shopping, and lively cultural events. Ample parks and trails offer green space for weekend relaxation, while Donlands and Pape Stations ensure seamless commuting across the city. Families will appreciate the proximity to great schools, and everyday essentials are just minutes away at local grocers and shops.Meticulously constructed and strategically located, 323 Mortimer Avenue represents a rare opportunity to own a turnkey multiplex in a community that never goes out of style.
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Accessory Apartment
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 323 Mortimer Avenue, Toronto E03, ON M4J 2C9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $2,779,000 in Toronto, the legal minimum down payment is $555,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $55,950 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $55,950 also applies, bringing the total estimated land transfer taxes to $111,900.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
