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18 Day Street, Toronto NSW 2283

Buyer Guide $795,000

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$795k - $835k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 3 Baths 1 Car 765 m²

Listed: 2 hours ago

Overview

This property presents a rare opportunity to secure a versatile, high-yield investment in Toronto’s desirable lakeside precinct. Comprising a sizable 765.1 m² land parcel, it features an older-style two-storey house cleverly converted to provide two separate self-contained tenancies at the front, with an additional detached one-bedroom flat privately positioned at the rear. This tripartite arrangement generates a compelling total weekly rental income, creating a resilient cash flow from three independent tenants.

The front residence’s dual-flat configuration maximizes practical use of the space, ideal for fostering rental diversity and reducing vacancy risk, while offering level entry points that ensure tenant privacy. The rear detached flat adds to the property's appeal by enriching the income streams and affording privacy for all. This setup is particularly attractive to investors seeking a dependable, hands-off investment with solid rental returns and a land-bank opportunity in one of Lake Macquarie’s growth corridors.

Total weekly rent income amounts to $1,095, reflecting steady demand and a well-balanced tenancy mix.
The property is situated mere minutes from Toronto’s vibrant town centre, local cafés, retail amenities, and popular swimming spots, with the pristine Lake Macquarie shorelines close at hand.
This configuration is notably uncommon, providing a distinctive edge in the market for astute investors.

Overall, this property offers a blend of steady income, strategic location, and future value potential — appealing mainly to investors prioritizing cash flow stability and diversification within a single asset.

Local Market Insights

In Toronto, Quiet Listings observed 24 new houses entering the market over the last 30 days, down from 29 during the previous 30-day period, with an average advertised asking price of $1,202,333. The property type mix of listed properties is predominantly Houses at 93%, followed by land (4%), and commercial properties (4%). The most active agency for houses in the Toronto area is currently LJ Hooker, representing 54% of new listings, followed by Ray White with 13%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.