9 Borden Street, Toronto (University), Ontario, M5S2M8

For sale

43 days ago

$1.95M

9 Borden Street, Toronto (University), Ontario, M5S2M8

9 bd5 ba2 pk3,250 ft²Lot size 25 × 105 ft (2,625 sq ft)

Listed by CENTURY 21 LEADING EDGE REALTY INC.

243 Lippincott Street, Toronto (University), Ontario, M5S2P4

For sale

76 days ago

$1.82M

243 Lippincott Street, Toronto (University), Ontario, M5S2P4

8 bd3 ba2,750 ft²Lot size 17 × 140 ft (2,391 sq ft)

Listed by RE/MAX ALL-STARS REALTY INC.

156 Sussex Mews, Toronto (University), Ontario, M5S2K1

For sale

175 days ago

$4.00M

156 Sussex Mews, Toronto (University), Ontario, M5S2K1

6 bd3 ba5 pkLot size 71 × 63 ft (4,473 sq ft)

Listed by CHESTNUT PARK REAL ESTATE LIMITED

Investment analysis

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$2,998,000

Toronto

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$2,998,000

For sale

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142 Borden Street, Toronto (University) - Multi-family for Sale

142 Borden Street, Toronto (University), Ontario, M5S2N3

9 beds8 baths2 parking2,250 ft²27 × 138 ft (3,657 sq ft) lot sizeListed 130 days ago

Overview

This multi-family property in Toronto is for sale offering roughly 2,250 sq ft of space.

Multi-Family Properties for Sale in Toronto →All real estate in Toronto →

Description

Tucked onto one of downtown Toronto's most coveted residential streets, 142 Borden Street is a turnkey income property in the heart of Harbord Village - steps from Little Italy, Kensington Market, and the University of Toronto. This is the kind of address that rarely trades hands: a beautifully maintained triplex (legal duplex with a legal self-contained basement unit), sitting on an exceptionally deep 138-foot lot with a private, fully enclosed backyard and a rear detached garage off the laneway. Configured as three self-contained 3-bedroom units, this property is built for serious cash flow and flexibility. Each unit lives large, with generous bedrooms and full self-contained layouts ideal for families, professionals, or students. With strong rents across all 3 units, the property offers gross potential income of approximately $147,000 per year - a standout return for a freehold downtown asset. Whether you're an investor seeking a stabilized portfolio piece or an owner-occupier looking to live in one unit while the others carry the mortgage, the numbers here are hard to beat. (id:66096)

Property Details

MLS®: C13498482
Property Type: Multi-family
Bedrooms: 9
Beds (above / below): 6 above · 3 below
Bathrooms: 8
Parking: 2
Interior Size: 2,250 ft²
Lot Size: 27 × 138 ft (3,657 sq ft)
Frontage: 27 ft
Storeys: 2
Basement: Finished, Separate entrance, Walk out, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Property Tax: $16,282.34/yr
Listed: 130 days ago

Rooms

Ground level

Living room: 5.79 x 4.57 meters
Dining room: 5.79 x 4.57 meters
Kitchen: 3.48 x 2.59 meters
Bedroom: 3.25 x 3.05 meters
Bedroom: 3.71 x 3.05 meters
Bedroom: 3.35 x 5.08 meters

Second level

Bedroom: 4.27 x 2.82 meters
Bedroom: 4.27 x 2.82 meters
Living room: 5.41 x 5.79 meters
Dining room: 5.41 x 5.79 meters

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Hood Fan, Water Heater - Tankless, Water Heater
Foundation: Block
Exterior: Brick, Stucco
Lot Features: Lane

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

130d

Toronto (University) listings, avg age

79d

Price / ft²

$1,332

List price

$3.00M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 9-bed multi-family in Toronto (University) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by TRUSTWELL REALTY INC. · STEPHEN C.C. WONG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5S)

This home lists at $2,998,000, about 42.8× the local median household income of $70,000.

Carrying it typically needs a household income of about $585,614 (20% down, 25-yr amortization, stress-tested) — roughly 737% above the area median.

Median household income: $70,000
Population: 17,074
Median age: 33.2
Owner / renter: 36% / 64%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5S)

$2,998,000· $1,332/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $599,600

Min 20%50%

Mortgage payment$12,786/mo

Property tax (est.)$1,357/mo

Total monthly$14,143

Cash Needed to Close

Down payment (20%)$599,600

Land transfer tax$122,850

Est. closing costs$11,494

Total cash needed$733,944

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