178 Rosemount Ave
Corso Italia-Davenport, Toronto, M6H 2M9
FOR SALE
$1,350,000
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Property Description
Presenting a fantastic investment opportunity in the dynamic Corso Italia neighbourhood! This well-maintained semi-detached 3-unit residential property offers three separate 2-bedroom units, each individually metered for utilities and is situated directly across from a large green space. Each unit features two spacious bedrooms, providing comfortable living spaces ideal for tenants seeking room to grow. Separate hydro meters for each unit. Enjoy immediate and steady market rental income from fully occupied units, ensuring a seamless investment experience. On-site shared coin-operated laundry facilities provide convenience for tenants. Tenants will appreciate the unobstructed views and direct access to the park, enhancing the property's attractiveness. Corso Italia is celebrated for its rich cultural atmosphere, excellent dining options, and strong community spirit.The property was renovated in the last 10 years, minimizing the need for immediate repairs or renovations. With fully tenanted units, the property promises a reliable revenue stream from day one. The rear double car garage was built ready for a second floor to be garden suite, increasing the property's value and income possibilities. Drawings complete. Don't miss this exceptional opportunity to invest in a multi-unit residential property in one of the city's most desirable neighbourhoods. Whether you're expanding your portfolio or making your first investment, this property offers an unbeatable combination of location, convenience, and growth potential.
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Nearby Intersections
St Clair & Dufferin (33)
Davenport & Dufferin (14)
Property Features
Library, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Semi-Detached, 2 1/2 Storey
Approximate Sq.Ft.
2000-2500
Lot Size
21' x 120'
Fronting
North
Taxes
$5,036 (2024)
Basement
Apartment, Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Driveway
Mutual
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | 3rd | 10.17' x 13.85' | Laminate, Window |
| Br | 2nd | 10.60' x 11.91' | Laminate, Window, Closet |
| Living | 2nd | 10.76' x 12.17' | Laminate, Window, Closet |
| Kitchen | 2nd | 13.09' x 14.01' | Laminate, Window, Eat-In Kitchen |
| Br | Main | 8.83' x 10.01' | Laminate, Window, Closet |
| 2nd Br | Main | 8.76' x 9.84' | Laminate, Window, Closet |
| Kitchen | Main | 8.76' x 10.24' | Laminate, Window, Combined W/Living |
| Living | Main | 10.60' x 11.09' | Laminate, Open Concept, South View |
| Living | Bsmt | 13.48' x 19.16' | Laminate, Open Concept, Combined W/Dining |
| Kitchen | Bsmt | 13.48' x 19.16' | Laminate, Combined W/Living, Open Concept |
| Br | Bsmt | 9.09' x 9.42' | Laminate, Window, Closet |
| 2nd Br | Bsmt | 8.92' x 9.42' | Laminate, Window, Closet |
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Toronto Market Statistics
Toronto Price Trend
178 Rosemount Ave is a 4-bedroom 3-bathroom home listed for sale at $1,350,000, which is $717,286 (34.7%) lower than the average sold price of $2,067,286 in the last 30 days (June 5 - July 4). During the last 30 days the average sold price for a 4 bedroom home in Toronto declined by $97,547 (4.5%) compared to the previous 30 day period (May 6 - June 4) and up $85,233 (4.3%) from the same time one year ago.Inventory Change
There were 693 4-bedroom homes listed in Toronto over the last 30 days (June 5 - July 4), which is up 1.9% compared with the previous 30 day period (May 6 - June 4) and up 15.9% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Toronto typically sold ($2,920) (0.1%) below asking price over the last 30 days (June 5 - July 4), which represents a $21,923 decrease compared to the previous 30 day period (May 6 - June 4) and $35,245 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 4-bedroom homes in Toronto over the last 30 days (June 5 - July 4) stood at 37.2%, down from 49.0% over the previous 30 days (May 6 - June 4) and down from 69.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Toronto stood at 18 days when successfully sold over the last 30 days (June 5 - July 4), compared to 40 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Ultimate Realty Inc.
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