796 Midland Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of Kennedy Park. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,400,000 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.
- 9 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Premium 53 x 130 ft lot size
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Separate Hydro Meter
- Efficient baseboard heating via electric
Description
Calling All Investors! Prime Location Alert! This Detached 3 Unit Multiplex Nestled In Kennedy Park, Positioned At Midland & Eglinton Ave East, Presents A Golden Opportunity For Multi-Residential Investors. Boasting Three Spacious Self-Contained Units, Each Exceeding 1000 Sq. Ft., This Property Is A Rare Gem In The Market. Two Units Feature Both Front & Rear Entrances, While The Third Unit Offers A Rear Balcony. Separate Hydro Meters For Each Unit, This Versatile Property Ensures Ease Of Management. Three Well-Kitchens, Generously Sized Bedrooms, & Ample Natural Light Flooding Through Large Windows. The Open Layout & Property Size Presents Potential For Additional Units, Catering To Various Investment Strategies. Parking Is Abundant With A Garage & Ample Space For Multiple Vehicles. Additional Income Opportunities. Plus, With Public Transit Right At Your Doorstep, Including The LRT Eglinton & Kennedy Line Just A 15-Minute Walk Away, Commuting Around The City Is Effortless. Don't Miss Out On This Exceptional Investment Opportunity In A Prime Location
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Pricing & Value Insights
Data-driven valuation for 796 Midland Avenue, Toronto E04, ON M1K 4E7
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 $1,400,000 in Toronto, the legal minimum down payment is $280,000 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 $24,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $24,475 also applies, bringing the total estimated land transfer taxes to $48,950.
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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.
