122 Parkmount Rd, Toronto

122 Parkmount Rd

Toronto, Greenwood-Coxwell
Cross St: Danforth & Coxwell
Semi-Detached | 2-Storey | Freehold

$1,390,000/ For Sale

Taxes : $5,124/2023
Bed : 4+1 | Bath : 3
Kitchen: 2 + 1

Details | 122 Parkmount Rd

Live in one unit and rent the other two! Welcome to this stunning property nestled on a tranquil, tree-lined residential street, perfectly positioned between Danforth and Monarch Park. This impeccably crafted 3-unit home offers a gross rent of $7450/month, presenting a lucrative income stream for savvy investors or end-users who wish to live in one of the units and rent out the others. Fully renovated in 2017 with over $400K in renovations, each unit features separate entrances, ensuite laundry, and their own heating and cooling systems. With a projected CAP rate of 5.87% and positive cash flow, this property represents a rare find in Toronto's competitive real estate market. The main floor unit and basement unit are currently vacant, offering flexibility for new owners to either move in or rent out at market rates. The second-floor unit boasts vaulted ceilings in the bedroom and bathroom, adding a touch of grandeur, while both the second-floor and main floor units feature inviting decks, perfect for relaxing or entertaining. Whether you're seeking a turnkey investment property or a stunning residence with income potential, this opportunity offers the best of both worlds.

Enjoy easy access to amenities & transportation options. The proximity to Coxwell Station makes commuting a breeze, with a mere 9-min walk. 1 designated parking spot at the rear of the property. Open House this Sat/Sun May 25th-26th 2-4pm

Property Details:
  • HOOD : Greenwood-Coxwell
  • Approx. Age : N/A
  • Lot : 18.33 x 100.00 Feet
  • Fronting On : W
  • MLS #: E8300978
  • Pool : None
  • Taxes : $5,124 / 2023
  • Zoning : N/A
  • Exterior : Brick / Metal/Side
  • Water : Municipal
  • Sewer : Sewers
  • Amenities Nearby : Hospital, Public Transit, Rec Centre, School,
  • Building Details:
  • Sqft : 1100-1500
  • Bedroom : 4 + 1
  • BATH : 3
  • KITCHEN : 2
  • FAMILY ROOM : N
  • BASEMENT : Apartment/Sep Entrance
  • GARAGE : None/0.0
  • PARKING SPACES : 1
  • HEATING : Heat Pump/Electric
  • A/C : Wall Unit
  • FIRE PLACE : N
  • Room Details:

    Room Level Length (m) Width (m) Description 1 Description 2 Description 3
    Kitchen 2nd 1.91 3.91 Renovated Modern Kitchen Quartz Counter
    Living 2nd 3.91 3.53 Open Concept Beamed W/O To Deck
    Br 2nd 3.15 2.26 Vaulted Ceiling Double Closet Large Closet
    2nd Br 2nd 2.36 2.24 Large Window Laminate Double Closet
    Kitchen Main 1.83 4.67 Quartz Counter Modern Kitchen Open Concept
    Living Main 3.71 3.76 Beamed Open Concept Renovated
    3rd Br Main 2.59 3.20 Large Window Vaulted Ceiling Laminate
    4th Br Main 1.96 2.64 Double Closet Large Window Laminate
    Kitchen Bsmt 3.63 3.63 Quartz Counter Modern Kitchen Renovated
    Living Bsmt 3.53 2.64 Open Concept Laminate Renovated
    5th Br Bsmt 3.07 2.31 Window Laminate Double Closet

    Listed By: RE/MAX ULTIMATE REALTY INC.

    Neighbourhood Details: Greenwood-Coxwell

    Leslieville is a neighbourhood in Toronto, Ontario, Canada, situated east of the Don River. It is bounded by the Canadian National railway line and Gerrard Street to the north, Empire Avenue to the west, Eastern Avenue to south, and Coxwell Avenue to the east. History This east-end neighbourhood forms part of the broader neighbourhood of South Riverdale. Leslieville began as a small village in the 1850s, which grew up around the Toronto Nurseries owned by George Leslie (1804-1893) and sons, after whom the community is named. Most of Leslieville's residents were gardeners or were employed at one of the brick-making factories in the area. Leslie's home at Queen and Leslie no longer exists but the general store remains on Queen east of Jones Avenue. Alexander Muir, the composer of The Maple Leaf Forever, was the first principal of the Leslieville Public School, one of the first buildings in the village. Muir was inspired when a brilliant maple leaf fell on his jacket from a Leslieville tree. That tree fell on July 19, 2013, and only its trunk exists today in front of Maple Cottage within Maple Leaf Forever Park. Its offspring still grows in the park behind the cottage.[1] For decades, South Riverdale was home to light industry, particularly along Eastern Ave. south of Queen St. Metal processing and tanning were notable industries which, along with other industrial activity, left Leslieville and South Riverdale with a legacy of contaminated land. In 2000, the A.R. Clarke Tannery(c.1876 and now C.C. Leather Inc) went up in flames, burning for days and unleashing toxic ash on the surrounding neighbourhood. Almost all these industrial areas have now been abandoned and are being redeveloped. Leslieville once mainly housed those who worked in the factories, and their departure has greatly changed the area. The reduction in air pollution and fumes have made it much more appealing to members of the middle and creative class. Leslieville is a neighbourhood which gentrified rapidly between 2000 and 2010 when it was commonly referred to as an up-and-coming neighbourhood, with new restaurants, shops and cafés catering to its new populace popping up. Several industrial buildings in the immediate area, including north along Carlaw, have been revamped into condominiums.[2] Despite the average house costing just under a million dollars, it still has a largely working-class and middle-class sensibility. Most of Leslieville is middle class. In some of the former industrial areas large film studios have opened, including Cinevillage and Showline Studios. Just to the south, in the Port Lands area, the massive new Pinewood Toronto Studios have been built. A fortified site along Eastern Avenue was the main Toronto base of the Hells Angels until it was raided by police and confiscated in 2007.[3] A number of large public housing complexes built in the neighbourhood in the 1960s and 1970s suffer from ills due to bad design. Just to the southeast of the neighbourhood is the massive Ashbridges Bay Wastewater Treatment Plant, Canada's largest. Concerted efforts have been made to eliminate odours for the benefit of local residents, but they still do sometimes waft over the area and the neighbouring Beach neighbourhood.
    - Source: en.wikipedia.org
    More Info / Showing:
    Or call me directly at (416) 886-6703
    KAZI HOSSAIN
    Sales Representative
    Right At Home Realty Inc.
    "Serving The Community For Over 17 Years!"
    >>>>>>>>>>>>>>>