$3,995,000

For sale

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156 Sussex Mews, Toronto (University) - Multi-family for Sale

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

beds

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.

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

For sale

130 days ago

$3.00M

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

9 bd8 ba2 pk2,250 ft²Lot size 27 × 138 ft (3,657 sq ft)

Listed by TRUSTWELL REALTY INC.

Investment analysis

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$3,995,000

Toronto

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Description

Nestled amongst the splendid Victorian homes of Harbord Village, tucked away on the west side of Sussex Mews, stands this Bohemian oasis. Once an industrial building from bygone era of early 1900s Toronto, this 2 storey brick edifice is now home to 3 private residences and is situated on a spectacular lot. Perfect for the empty nester, the up and comer, or the visionary developer who wants to create a laneway style, one of a kind chic, urban pied-a-terre or a collection of townhomes, 156 Sussex Mews represents a truly unique real estate investment or redevelopment opportunity in one of the most culturally diverse and vibrant areas in central Toronto. The Main Floor suite features 2 bedrooms, 1 bath, and is an airy, loft-like slice of Soho in Toronto with 10 ft + ceilings. Charming upper-level owners' suite features 2 bedrooms, 1 bath, and is a cozy space with a walkout to a private garden. Garden level suite features 1 bedroom and 1 bathroom with a working wood burning fireplace and a private walkout to a patio lounge space. The property also includes a separate stucco structure, as per the survey, previously used as an artist studio with access to the side yard. (id:66096)

Property Details

MLS®: C13122060
Property Type: Multi-family
Bedrooms: 6
Beds (above / below): 5 above · 1 below
Bathrooms: 3
Parking: 5
Lot Size: 71 × 63 ft (4,473 sq ft)
Frontage: 71 ft
Storeys: 2
Basement: Finished, Apartment in basement, Walk out, N/A, N/A
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Fireplace: Yes
Property Tax: $17,049.65/yr
Listed: 175 days ago

Rooms

Main level

Foyer: 1.24 x 2.44 meters
Kitchen: 7.02 x 2.44 meters
Living room: 4.33 x 7.93 meters
Primary Bedroom: 2.76 x 3.38 meters
Bedroom 2: 2.01 x 3.07 meters

Lower level

Kitchen: 3.98 x 3.05 meters
Living room: 5.5 x 5.18 meters
Primary Bedroom: 3.05 x 4.27 meters

Second level

Living room: 4.9 x 5.51 meters
Kitchen: 3.37 x 1.86 meters
Primary Bedroom: 3.39 x 3.37 meters
Bedroom 2: 3.38 x 2.75 meters
Office: 4 x 3.35 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

175d

Toronto (University) listings, avg age

79d

List price

$4.00M

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.

Area context

Neighbourhood profile (M5S)

This home lists at $3,995,000, about 57.1× the local median household income of $70,000.

Carrying it typically needs a household income of about $780,363 (20% down, 25-yr amortization, stress-tested) — roughly 1015% 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)

$3,995,000

For sale

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Full Cost Breakdown

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Down Payment20% · $799,000

Min 20%50%

Mortgage payment$17,038/mo

Property tax (est.)$1,421/mo

Total monthly$18,458

Cash Needed to Close

Down payment (20%)$799,000

Land transfer tax$172,700

Est. closing costs$14,485

Total cash needed$986,185

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156 Sussex Mews, Toronto (University) - Multi-family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

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Market Timing

Location

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Neighbourhood profile (M5S)

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