17 Montcalm Ave
Briar Hill-Belgravia, Toronto, M6E 4N5
FOR SALE
$2,569,000
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8 + 5
BEDROOMS6
BATHROOMS2 + 1
KITCHENS16 + 9
ROOMSW9769989
MLSIDContact Us
Property Description
Visit REALTOR website for additional information. "LIVE-IN or INVESTMENT". Discover a lucrative business venture with this fully furnished property. generating a secure monthly rental income of $15,000 to $20,000. This property was specifically designed with the versatility for full investment or to accommodate multi-generational families in separated units also allowing you to divide the home while renting the basement for an additional income of approximately $6,000 per month. Plus, the potential to build a garden suite now approved by the City of Toronto, maximizing your investment returns! Parking for two cars at the front plus extra overnight street parking by permit. Enjoy a prime location: steps to TTC bus stop, one bus ride to Eglinton subway, walking distance to the Caledonia LRT station, Yorkdale Mall, and more. WATCH THE VIDEOTOUR!!! Don't miss out this incredible opportunity to secure a profitable property in a thriving area!
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Extras
Stainless Steel Fridges, cooktops, Microwaves, Dishwasher, commercial Washer& Dryer, A/C, Tankless Water Heaters (own). All items inside bedrooms, bed, shelfs, TV, ceiling fan, window shades, etc.
Nearby Intersections
Dufferin & Eglinton (34)
Property Features
Fenced Yard, Public Transit
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Approximate Sq.Ft.
2500-3000
Lot Size
25' x 125'
Fronting
West
Taxes
$7,689 (2024)
Basement
Apartment, Finished
Exterior
Stone, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | 2nd | 7.48' x 10.99' | Vinyl Floor, Closet, Window |
| 4th Br | 2nd | 10.76' x 11.42' | Vinyl Floor, Closet, Pot Lights |
| Kitchen | 2nd | 8.20' x 10.99' | Vinyl Floor, Stainless Steel Appl, B/I Dishwasher |
| Dining | 2nd | 10.50' x 15.88' | Vinyl Floor, Pot Lights, Window |
| Br | Main | 7.48' x 10.99' | Vinyl Floor, Closet, Window |
| 4th Br | Main | 7.28' x 11.81' | Vinyl Floor, Pot Lights, Closet |
| Kitchen | Main | 10.76' x 12.76' | Vinyl Floor, Stainless Steel Appl, Pot Lights |
| Dining | Main | 10.50' x 15.88' | Vinyl Floor, Pot Lights, Window |
| Br | Bsmt | 10.50' x 11.84' | Vinyl Floor, Closet, Above Grade Window |
| 3rd Br | Bsmt | 3.28' x 8.66' | Vinyl Floor, Pot Lights, Above Grade Window |
| Br | Bsmt | 6.27' x 7.84' | Vinyl Floor, Pot Lights |
| Laundry | Bsmt | 10.24' x 7.28' | Ceramic Floor, Pot Lights |
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Toronto Market Statistics
Toronto Price Trend
17 Montcalm Ave is a 8-bedroom 6-bathroom home listed for sale at $2,569,000, which is $494,000 (23.8%) higher than the average sold price of $2,075,000 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 8 bedroom home in Toronto declined by $1,454,942 (41.2%) compared to the previous 30 day period (September 21 - October 20) and down $480,000 (18.8%) from the same time one year ago.Inventory Change
There were 8 8-bedroom homes listed in Toronto over the last 30 days (October 21 - November 19), which is down 20.0% compared with the previous 30 day period (September 21 - October 20) and up 60.0% compared with the same period last year.Sold Price Above/Below Asking ($)
8-bedroom homes in Toronto typically sold ($125,000) (6.0%) below asking price over the last 30 days (October 21 - November 19), which represents a $111,693 decrease compared to the previous 30 day period (September 21 - October 20) and $157,500 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 8-bedroom homes in Toronto over the last 30 days (October 21 - November 19) stood at 12.5%, down from 40.0% over the previous 30 days (September 21 - October 20) and down from 40.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 8-bedroom 6-bathroom home in Toronto stood at 11 days when successfully sold over the last 30 days (October 21 - November 19), compared to 120 days before being removed from the market upon being suspended or terminated.Listing contracted with Pg Direct Realty Ltd.
Similar Listings
This incredible property offers a rare opportunity for both investors and end-users seeking a turnkey income-generating asset. Fully renovated from top to bottom, the building features four brand-new kitchens, five new bathrooms, and fresh flooring throughout. Every detail has been meticulously considered, with modern finishes and high-quality upgrades in all units and common areas. The property includes two separate laundry areas and ample parking, ensuring convenience for both the owner and tenants. It is impeccably maintained and in pristine condition, making it truly move-in ready with no further work required. Whether you are an investor seeking a hassle-free income property or someone looking to live in one unit while earning rental income from the others, this clean, well-kept building is an ideal choice. Conveniently located close to major highways, public transportation, and the airport, the property offers easy access for both residents and tenants. Additionally, tenants are willing to stay, but vacant possession is also possible upon closing.
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