Ken Matsumoto
Sales Representative
A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades.
882 Broadview Avenue, Playter Estates-Danforth M4K 2R1
Price
$1,999,000
Bedrooms
6 Beds
Bathrooms
6 Baths
Size
2500-3000 sqft
Year Built
Not listed
Property Type
House
Property Taxes
$10127.39
Description
Rare investment and development opportunity in the heart of Playter Estates with this detached, legal purpose-built 6-plex situated on a prime 32130 foot lot. Located just steps from Broadview Station and the endless amenities of the Danforth, this property offers incredible versatility with 6 rear parking spots, two interior stairwells, and all-electric heating and cooling. The building is primed for high-yield cash flow as 5 of the 6 one-bedroom units were fully renovated within the last year, and the property can be delivered vacant on closing to allow for immediate market-rent optimization. Beyond its current state, the site holds massive upside with a proposed redevelopment plan for an 8-storey mid-rise consisting of 27 residential units and one ground-floor retail unit; architectural drawings are available for review, making this an ideal acquisition for those looking to hold a renovated asset or execute a high-density vision in a world-class transit hub.
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The Property Location
Calculate Your Monthly Mortgage Payments
Total Monthly Payment
$8,526 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,599,200
Total Interest Payments
$986,005
Total Payment (Principal + Interest)
$2,585,205
Get An Estimate On Selling Your House
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
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.
