502 Birchmount Rd
Clairlea-Birchmount, Scarborough, M1K 1N8
FOR SALE
$2,150,000
➧
➧
Browsing Limit Reached
Please Register for Unlimited Access
8 + 2
BEDROOMS6
BATHROOMS6
KITCHENS0
ROOMSE9371890
MLSIDContact Us
Property Description
Great Investment Opportunity or Home for Large Family! Well Maintained 6 Plex in a High Demand Location. 4 Two Bedrooms and 2 One Bedrooms, Separate Meters, 7 Surface Parking, Detached 2 Car Garage, Premium Wide Lot with 2 Driveways, Next to the Newly Built Albert Campbell Library, Steps away from Shopping Plaza and TTC. Rare Find Don't miss out !
Call
Extras
6 Fridges, 6 Stoves, 2 Washers, 2 Dryers (all appliances as is)
Nearby Intersections
Call
Property Details
Street
Community
City
Property Type
Multiplex, 2-Storey
Lot Size
70' x 132'
Fronting
West
Taxes
$8,669 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
9
Driveway
Private
Garage Type
Detached
Call
Scarborough Market Statistics
Scarborough Price Trend
502 Birchmount Rd is a 8-bedroom 6-bathroom home listed for sale at $2,150,000, which is $75,000 (3.6%) 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 Scarborough declined by $1,454,942 (41.2%) compared to the previous 30 day period (September 21 - October 20) and down $480,000 (18.8%) from the same time one year ago.Inventory Change
There were 8 8-bedroom homes listed in Scarborough over the last 30 days (October 21 - November 19), which is down 20.0% compared with the previous 30 day period (September 21 - October 20) and up 60.0% compared with the same period last year.Sold Price Above/Below Asking ($)
8-bedroom homes in Scarborough 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 Scarborough 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 Scarborough 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 Givalas Real Estate Ltd.
Similar Listings
First time in its life on the market! Well maintained 6-plex with all long term tenants. One apartment currently vacant. A ton of upside potential. Bus stop right outside. Building consists of 4 large 2-bedroom apartments and two cozy 1-bedroom apartments. There is surface parking for 6 cars. Hydro for all apts is separately metered. Great turnkey investment opportunity.
Call
Discover the potential of this outstanding 6-unit multiplex, perfectly positioned in a high-demand area that guarantees steady rental income and Incredibe value add opportunity . This well-maintained property features 5-2 bed 1 bath and 1-1 bed 1 bath units. Steps to the highly anticipated Mount Dennis Lrt. Numerous upgrades and impeccably maintained.
Call
Nestled in the heart of Toronto's vibrant Lakeshore Boulevard, this elegant four-apartment building offers a unique blend of classic charm and modern convenience. Perfectly situated to take advantage of the stunning lake views and the lively urban atmosphere, this property is a rare find in a sought-after location. This property is an excellent investment opportunity with its desirable location and well-maintained condition. It provides steady rental income potential and the possibility for future appreciation in one of Toronto's most sought-after neighborhoods. Each of the four apartments is generously sized, featuring open-concept living areas, large windows that flood the space with natural light, and contemporary finishes. The layouts are thoughtfully designed to provide comfort and privacy for each tenant.
Call
Great Opportunity To Own this Six Plex. Four 2-Bedroom Units & Two 1-Bedroom Units. Large units, All With Open Living/Dining Room Concept. Nice large side parking lot.. Well Maintained Building. A Short 10 Minute Bus Ride To Jane Station.
Call
Investor Alert! Prime Downtown Investment (Motivated Seller)! This commercial-residential zoned property offers a 5.70% Cap Rate and is fully leased with income-producing units. Featuring 4 well-maintained units, this multi-family investment includes impressive rental income (Main = $3,800; 2nd = $4,400; Top = $1,800). Located in a prime downtown core with steps to amenities and transit, this property has lane access for 2-car parking and potential for additional rental income. Development potential to add 3 extra units (buyer to verify) and bonus opportunity for a 5th unit or laneway house (buyer to verify). Turnkey opportunity with capital appreciation potential. Perfect for multi-generational family living under one roof, and an excellent opportunity for investors seeking a high-yield, mixed-use property. Securing this property early ensures long-term passive income and more profit in coming years. Dont miss this as-is handyman special!
Call
Call