$1,390,000Asking Price
122 Parkmount Rd
Danforth Mosaic, Toronto
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.
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.
See MoreKey Info
- 2-Storey Semi-Detached
- 1-Car Mutual Driveway
- No Garage
- Danforth & Coxwell
- 1100-1500 Approximate Sq Feet
- Basement: Apartment, Separate Entrance
- 2 + 1 Kitchens
- HeatPump Electric Heating
- Wall Unit A/C
Property
- Lot Size 18.33 x 100 Feet
- < .50 Acreage
- Brick/Metal/Side Exterior
- No Waterfront Access
- Taxes were $5,123 in 2023
- Possession: Immediate
Details
- No Fireplace
- No Family Room
- Sewers
- Municipal Water
- MLS #E8300978
- RE/MAX ULTIMATE REALTY INC.
Extras
- 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.
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | 2nd | 6.27' x 12.83' | Modern Kitchen, Renovated, Quartz Counter |
| 2 | Living Room | 2nd | 12.83' x 11.58' | Beamed, Open Concept, Walkout To Deck |
| 3 | Bedroom | 2nd | 10.33' x 7.41' | Double Closet, Vaulted Ceiling, Large Closet |
| 4 | 2nd Bedroom | 2nd | 7.74' x 7.35' | Laminate, Large Window, Double Closet |
| 5 | Kitchen | Main | 6.00' x 15.32' | Modern Kitchen, Quartz Counter, Open Concept |
| 6 | Living Room | Main | 12.17' x 12.34' | Open Concept, Beamed, Renovated |
| 7 | 3rd Bedroom | Main | 8.50' x 10.50' | Vaulted Ceiling, Large Window, Laminate |
| 8 | 4th Bedroom | Main | 6.43' x 8.66' | Large Window, Double Closet, Laminate |
| 9 | Kitchen | Basement | 11.91' x 11.91' | Modern Kitchen, Quartz Counter, Renovated |
| 10 | Living Room | Basement | 11.58' x 8.66' | Laminate, Open Concept, Renovated |
| 11 | 5th Bedroom | Basement | 10.07' x 7.58' | Laminate, Window, Double Closet |
 | 1 5-Piece Bathroom on 2nd Floor | |||
| 1 3-Piece Bathroom on Main Floor | |||
| 1 3-Piece Bathroom in Basement | |||
How Far is Too Far?
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Who lives here?
Danforth Mosaic, Toronto is a central Toronto neighbourhood notable for its university grads, executives and business and education, law & public sector professionals. Residents tend to be older with a significant number of babies, kids aged 5 to 9, adults aged 35 to 49 and 35 to 49 and seniors aged 65 to 69.
Families
Kids Per Family
1.2
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
46%
of residents are
single and loving it.
46% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
36%
of residents
are renters.
36% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
55%
of residents are
university grads.
55% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$128K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Government | 14% |
| Sales | 12% |
| Business | 12% |
| Management | 10% |
| Culture | 6% |
Immigrants
33%
of residents were
born outside of Canada.
33% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
4.6% from India
All-time
Birthplace - Recent
0.4% from India
Recent
Foreign Languages
Foreign Languages
| Cantonese | 5% |
| Greek | 4% |
| Gujarati | 3% |
| Italian | 2% |
| French | 2% |
Religions
Religions
| Christian | 51% |
| Muslim | 8% |
| Buddhist | 3% |
| Jewish | 2% |
| Hindu | 2% |
Social Housing
Social Housing Buildings
2
Social housing buildings
in the neighbourhood.
Shelters
Shelters
0
Homeless shelters in
the neighbourhood.
