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20 Redwing Pl 5 Unit Apartment Building $2,200,000 CAD ($440,000 CAD/Unit) Toronto, ON M3C 2A8
Investment Highlights
- Total Capacity: 5 units (3 x 3-bed units, 2 x 2-bed basement units, plus a 2-story Garden Suite).
- Utilities: All units have separate meters, paid by the tenants.
- Income Potential: Projected gross income of $190,000.
- Financing: You can qualify for CMHC mortgage financing (with 0-10% down), which is not available for a standard four-unit setup.
Executive Summary
Welcome to 20 & 20A Redwing Place! The owner has applied for a permit to upgrade the property into a 5-plex without demolishing the two existing houses in the heart of Don Mills. The original semi has been totally renovated, with a brand-new main and upper floor featuring 3 bedrooms, 2 baths, and a spacious kitchen, living, and dining area.Number 20A, with over 4,800 sq. ft. including the basement, has also been recently renovated. It features a large entryway, main-floor laundry, a sun-filled living and dining area, a family room, and a massive eat-in kitchen with a walkout to the deck and a large, private backyard. Upstairs, you will find a spacious primary bedroom with a walk-in closet, a 6-piece ensuite, and 3 other huge bedrooms. The basement is being modified into two 2-bedroom apartments with a separate entrance. The 2-car garage will be replaced by a new 2-story garden suite, and the driveway is being updated to fit 7 cars. With a lot size of over 10,000 sq. ft., this is an incredible investment opportunity: enjoy 5-plex living, rent out four units while living in the fifth, or rent out all five-the possibilities are endless! Key Improvements Made. All staging are virtual.
Property Facts
| Price | $2,200,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $440,000 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| No. Units | 5 | Building Size | 4,800 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1980 |
| Zoning | RS | ||
| Price | $2,200,000 CAD |
| Price Per Unit | $440,000 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,800 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Zoning | RS |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Very bikeable
80/100
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20 Redwing Pl
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