2479 Queen St E
The Beaches, Scarborough, M4E 1H8
FOR SALE
$3,295,000
Sold
$3,050,000
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6 + 6
BEDROOMS6
BATHROOMS6
KITCHENS30
ROOMSE5605871
MLSIDContact Us
Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-05-05 | 2022-10-15 | 163 | $3,295,000 | $3,050,000 | Sold |
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Property Description
Attractive Investment Property With 6-2 Bedroom Apartments, 3 Completely Renovated Updated Vacant Units With All New Stainless Steel Appliances And 3 Tenanted Units. Outstanding Location With View Of The Lake And Minutes Walk To The Beach. The General Mechanicals Have Just Been Updated With New Electrical Services, New High End On-Demand Gas Boiler, 6 Gas Hot Water Heaters. Ideal Location, Three Units Have Been Completely Renovated With New Kitchens, Bathrooms, Floors, Lighting And Refinished Walls And Ceilings, Storage Lockers For Each Unit, Plus Additional Storage If Required, Private Drive Off Side Street With Parking For 6 Cars.
Extras
Hydro Paid By Tenants. 6 Stoves, 6 Fridges, 3 Dishwashers, 3 Kitchen Vent Hoods, 6 Gas Hot Water Heaters, 1 Gas Hot Water Boiler.
Nearby Intersections
Property Features
Fenced Yard, Level
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Property Details
Street
Community
City
Property Type
Multiplex, 3-Storey
Lot Size
40' x 120'
Fronting
South
Taxes
$10,002 (2021)
Basement
Unfinished, Walk-Up
Exterior
Brick, Stucco/Plaster
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
6
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | 2nd | 12.86' x 12.96' | Vinyl Floor, Window |
| Dining | 2nd | 7.32' x 9.94' | |
| Kitchen | 2nd | 6.69' x 9.65' | |
| Prim Bdrm | 2nd | 9.97' x 12.70' | |
| 2nd Br | 2nd | 7.58' x 13.35' |
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2.91% assumable mortgage due June 2030 with an extremely low monthly payment of only $7,988! This turn key six-plex contains 5-two Bedroom units and 1-bachelor unit. Building and units were fully renovated in 2019, down to the studs. All units fully renovated throughout with quality, long lasting finishes including new kitchen, bathrooms, radiators, floors, appliances, in-wall AC units and in-suite washer/dryer. The building has new electrical & plumbing throughout, furnace, on-demand hot water, FOB entry and security cameras. Essentially a no maintenance building. All units fully tenanted, at market rent. A once in a lifetime opportunity to go back in time and buy with low rates. Individual hydro meters. 5 car parking. $500,000 of interest rate savings over the remaining term of the mortgage (5 years) using todays rates.
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