$3,200,000
Est. payment $14,169/moCalculate yours
36 Luverne Avenue, Toronto, ON M3H 1R6
Clanton Park, North York, ON M3H 1R6
- 12 Beds
- 16 Baths
- 3,500 Sq Ft
Listing courtesy of RE/MAX REALTRON BARRY COHEN HOMES INC. MLS® C13597556
About this home
Brand New Purpose-Built Fourplex | Finished In 2026 | Exceptional Investment Opportunity. A Rare Opportunity To Own A Brand-New, Never-Lived-In Purpose-Built Fourplex In The Heart Of Clanton Park. Completed In 2026, This Turnkey Income Property Offers Four Self-Contained, Separately Metered Residences, Each With Its Own Private Entrance, Furnace, Central Air Conditioning And In-Suite Laundry, Delivering Exceptional Independence For Tenants And Simplified Management For Investors. Each Thoughtfully Designed Three-Storey Suite Spans Approximately 1,386 Sq. Ft. And Features An Open-Concept Main Level With A Bright Living Area, Modern Kitchen And Powder Room. The Second Floor Offers Two Well-Proportioned Bedrooms And A Full Bathroom, While The Entire Third Floor Is Dedicated To A Spacious Primary Retreat Complete With A Walk-In Closet And Private Ensuite. A Finished Lower Level Recreation Room With An Additional Full Bathroom Provides Valuable Flexible Living Space Ideal For A Family Room, Home Office, Gym Or Guest Accommodations. The Property Comprises 12 Bedrooms And 16 Bathrooms Across The Four Units And Includes 20 Appliances. Four Dedicated Parking Spaces Are Located At The Rear Of The Building. As A Newly Constructed Property, It Benefits From No Rent Control, Making It An Outstanding Long-Term Investment With Exceptional Income Growth Potential. Ideally Situated Moments From Bathurst Street, Wilson Avenue, Allen Road, Highway 401, Public Transit, Parks, Schools And Everyday Amenities, This Is A Prime Location With Broad Tenant Appeal. Attractive Vendor Financing Available: Purchase With 30% Cash Down, With The Vendor Providing A 70% First Mortgage For 3 Years At 3.5% Interest Per Annum. The First 12 Months Are Interest-Free, Creating A Rare Opportunity To Significantly Reduce Carrying Costs During The Initial Ownership Period. Outstanding Investment Potential In One Of Toronto’s Strongest Rental Markets.
Property details
Overview
- Property Type
- Fourplex
- Style
- 3-Storey
- For
- For Sale
- Status
- New
- Approximate Age
- New
- Size
- 3,500 sqft
Interior
- Bedrooms
- 12
- Bathrooms
- 16
- Kitchens
- 4
- Basement
- Finished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Brick, Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Flat
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 50 x 120 Feet
- Parking
- None garage · 4 total
Location
- Neighbourhood
- Clanton Park
- Cross Street
- Bathurst St. & Wilson Ave.
- Direction Faces
- North
Listing
- MLS® Number
- C13597556
- Days on Market
- 87
- Listed On
- 2026-07-23
- Possession
- 90 DAYS
- Listed By
- RE/MAX REALTRON BARRY COHEN HOMES INC.
Features
Interior
- None
Pool
- None
- Included
- 20 appliances: 4 x stoves; 4 x refrigerators; 4 x dishwasher; 4 x washers; 4 x dryers.
- Rental items
- Hot water rental $56.99 per month. There are 4 units in the building, one per unit (4x$56.99).
Mortgage calculator
Estimated mortgage payment
$14,169 per month
- Principal and interest
- $14,169
- Property tax
- $0
- Condo fees
- $0
- Estimated monthly cost
- $14,169
Your mortgage
- Mortgage amount
- $2,560,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $1,690,672
Cash to close
- Down payment
- $640,000
- Land transfer tax (Ontario + Toronto)
- $134,950
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $774,950
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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