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462&464 Sammon Avenue, Danforth Village-East York M4J 2B2

Price

$1,249,000

Bedrooms

3 Beds

Bathrooms

3 Baths

Size

Not listed

Year Built

Not listed

Property Type

House

Property Taxes

$5700.85

Description

Introducing a prime real estate opportunity in the heart of East York - a meticulously maintained investment property with immense potential.Currently operating as a duplex with A+ tenants on the upper floor, this property is expertly structured for effortless conversion into a triplex,presenting a lucrative opportunity for savvy investors. Each unit offers its own separate entrance, has a separate 100 amp hydro meter but home could easily convert back into a single-family home, making this the perfect opportunity for an investor looking for a flexible space.This main floor unit offers a perfect blend of comfort and convenience, with a generously sized bedroom and well-appointed large kitchen with direct access to covered terrace in the backyard, as well as parking for two vehicles.Lower unit has been upgraded with vapour barrier and soundproofed and is a versatile space that can easily be transformed into a charming one-bedroom apartment. or could be the perfect opportunity for an intergenerational family setup, accommodating diverse living arrangements for modern families.Expansive upper unit boasts two bedrooms and a spacious family room with a new gas fireplace. Family room provides the option for it to double as a third bedroom, home office or cater to a variety of tenant needs.Don't miss the chance to invest in this mechanically sound property, with a new oversized state-of-the-art boiler for rads and water tank, an updated plumbing system and a foundation recently waterproofed and under warranty, this home is rare find in a coveted community. Located steps to parks, hospitals, schools, transit and all of the amenities that make East York one of the most sought after places in the GTA.

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The Property Location

Calculate Your Monthly Mortgage Payments

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Total Monthly Payment

$5,462 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$999,200

Total Interest Payments

$616,068

Total Payment (Principal + Interest)

$1,615,268

Get An Estimate On Selling Your House

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Estimated Net Proceeds

$68,000

Realtor Fees

$25,000

Total Selling Costs

$32,000

Sale Price

$500,000

Mortgage Balance

$400,000

Meet Ken Matsumoto

Meet Ken Matsumoto

A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken has a passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.

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