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50 Glen Manor Drive, The Beaches M4E 2X2

Price

$1,725,000

Bedrooms

6 Beds

Bathrooms

1 Baths

Size

2000-2500 sqft

Year Built

Not listed

Property Type

House

Property Taxes

$8551.35

Description

RARE INVESTMENT OPPORTUNITY IN TORONTO'S HIGHLY DESIRABLE BEACHES COMMUNITY! MUST BE SEEN! An exceptional opportunity to purchase a meticulously maintained, solid-brick, semi-detached 4-unit multiplex, individually or together with the adjoining 3-unit property, offering a combined total of 7 residential units! Located just one block from Lake Ontario, this outstanding property offers an ideal combination of location, lifestyle, flexibility and rental income potential. Perfect for investors, owner-occupiers, extended families or multigenerational living! Live in one unit while generating rental income from the others, or enjoy the flexibility of accommodating family members with their own private living spaces.This charming property features a unique and versatile floor plan, including a spacious third-floor 2-bedroom unit with an open deck terrace, a middle-level 2-bedroom unit, and two lower-level units consisting of a 1-bedroom apartment and a bachelor apartment, both currently vacant! Additional highlights include a garage and rear parking for 2 vehicles with access via a shared laneway, beautifully landscaped low-maintenance grounds, and numerous thoughtful improvements and upgrades throughout. Lovingly maintained by longtime owners, the property retains much of its original character and charm, including beautiful oak hardwood floors, while offering the conveniences of modern updates. Enjoy the best of Beaches living, just steps from Lake Ontario and close to the Boardwalk, parks, shopping, restaurants, public transit and neighbourhood amenities. Whether you're seeking a long-term income-producing investment, a home with supplemental rental income, or a flexible property for present or future family use, this exceptional opportunity offers tremendous possibilities in one of Toronto's most sought-after neighbourhoods. DON'T MISS THIS RARE OPPORTUNITY! PLEASE REVIEW THE PROPERTY INFORMATION AND PHOTOGRAPHS. THANK YOU FOR SHOWING!

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The Property Location

Calculate Your Monthly Mortgage Payments

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Total Monthly Payment

$7,410 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$1,380,000

Total Interest Payments

$850,855

Total Payment (Principal + Interest)

$2,230,855

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

Related Properties

Property at 48 Glen Manor
5 days on market

48 Glen Manor

$1,675,000

Toronto, ON M4E 2X2

6 Beds|1 Baths|2000-2500 Sq.Ft.

Listed By: REMAX YOUR COMMUNITY REALTY

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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