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New3 hours ago

50 Glen Manor Drive

The Beaches, Toronto

$1,725,000

Semi-Detached |2-Storey
6 | 1 | 2
About this home

RARE INVESTMENT OPPORTUNITY IN TORONTO'S HIGHLY DESIRABLE BEACHES COMMUNITY! MUST BE SEEN! An exceptional opportunity to purchase a meticulously maintained, solid-brick, semi-detached 4-unit multiplex, individually or together with the adjoining 3-unit property, offering a combined total of 7 residential units! Located just one block from Lake Ontario, this outstanding property offers an ideal combination of location, lifestyle, flexibility and rental income potential. Perfect for investors, owner-occupiers, extended families or multigenerational living! Live in one unit while generating rental income from the others, or enjoy the flexibility of accommodating family members with their own private living spaces.This charming property features a unique and versatile floor plan, including a spacious third-floor 2-bedroom unit with an open deck terrace, a middle-level 2-bedroom unit, and two lower-level units consisting of a 1-bedroom apartment and a bachelor apartment, both currently vacant! Additional highlights include a garage and rear parking for 2 vehicles with access via a shared laneway, beautifully landscaped low-maintenance grounds, and numerous thoughtful improvements and upgrades throughout. Lovingly maintained by longtime owners, the property retains much of its original character and charm, including beautiful oak hardwood floors, while offering the conveniences of modern updates. Enjoy the best of Beaches living, just steps from Lake Ontario and close to the Boardwalk, parks, shopping, restaurants, public transit and neighbourhood amenities. Whether you're seeking a long-term income-producing investment, a home with supplemental rental income, or a flexible property for present or future family use, this exceptional opportunity offers tremendous possibilities in one of Toronto's most sought-after neighbourhoods. DON'T MISS THIS RARE OPPORTUNITY! PLEASE REVIEW THE PROPERTY INFORMATION AND PHOTOGRAPHS. THANK YOU FOR SHOWING!

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agent
Jonathan Lee
(647) 983-0770

This seller is holding back offers

Instead of reviewing offers as they come in, this seller has set offer instructions — a strategy often paired with attractive pricing to invite competing bids. Timing and preparation matter here; get in touch and we'll walk you through it.

TypeSemi-Detached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$8,551
Lot Size22.35 ft x 100 ft
mls© NumberE14135874
Listed ByREMAX YOUR COMMUNITY REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,829
Property tax
$713
Heat allowance
$150
Housing costs
$9,692 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $345,000
25-yr amortization

Income needed

$298,000

gross annual household income

Payment at 4%
$7,259 / mo
Cash down
$345,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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