$1,149,000

For saleJust listed

2 Monteith Street, Toronto (Church-Yonge Corridor) - Single Family for Sale

2 Monteith Street, Toronto (Church-Yonge Corridor), Ontario, M4Y1K7

7 beds3 baths0 parking1,750 ft²16 × 56 ft (873 sq ft) lot sizeListed Today

Overview

This 7-bedroom, 3-bathroom home in Toronto is for sale offering roughly 1,750 sq ft of space. It has been on the market 0 days, fresher than the Toronto average of 63 days.

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Description

A Rare Income-Generating Gem In The Heart of Downtown Toronto! Welcome To 2 Monteith Street, A Tastefully Renovated And Meticulously Maintained Three-Storey Victorian Residence Nestled In The Highly Sought-After Church-Wellesley Village! Offering Approximately 2,300 Sq. Ft. of Living Space. This Beautifully Appointed Property Seamlessly Blends Timeless Architectural Charm With Modern Comfort And Functionality. Featuring Spacious, Well-Designed Interiors, A Fully Finished Basement Apartment, And Two Gorgeous Outdoor Retreats Including A Stunning Rooftop Patio And A Charming Backyard Patio, Perfect For Relaxing or Entertaining. An Exceptional Turnkey Investment Opportunity! Currently Generating $6,450 In Gross Monthly Rental Income ($77,400 Annually), With Three Additional Vacant Bedrooms Offering Potential For Another $4,200 Per Month. At Full Projected Occupancy, Gross Rental Income Could Reach An Impressive $10,650 Monthly or $127,800 Annually, Subject To Applicable Rental Requirements.The Property Comes Furnished, Adding Convenience And Appeal For Investors And End Users Alike. Enjoy An Unbeatable Location Just Steps From Wellesley Subway Station, Yonge Street, Toronto Metropolitan University, Trendy Restaurants, Cafés, Boutique Shops, Parks And Downtown Amenities. Whether You're An Investor Seeking Strong Income Potential Or A Buyer Looking For A Distinctive Urban Residence With Flexible Living Options. This Remarkable Property Offers The Perfect Combination of Location, Lifestyle, Character And Investment Potential! (id:66096)

Property Details

MLS®: C14149688
Property Type: Single Family
Bedrooms: 7
Beds (above / below): 6 above · 1 below
Bathrooms: 3
Parking: 0
Interior Size: 1,750 ft²
Lot Size: 16 × 56 ft (873 sq ft)
Frontage: 16 ft
Storeys: 3
Basement: Finished, Apartment in basement, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $6,560.51/yr

Rooms

Main level

Living room: 6.85 x 3.63 meters
Dining room: 6.85 x 3.63 meters
Kitchen: 4.37 x 3.63 meters
Bedroom: 3.4 x 3.39 meters

Basement

Dining room: 3.5 x 1.79 meters
Bedroom: 3.55 x 3.36 meters
Kitchen: 1.79 x 2 meters
Living room: 4.31 x 3.7 meters

Second level

Bedroom: 3.33 x 2.85 meters

Features

Appliances: Washer, Dishwasher, Dryer, Microwave, Cooktop, Window Coverings, Two Refrigerators
Flooring: Hardwood
Foundation: Unknown
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Church-Yonge Corridor) listings, avg age

63d

Price / ft²

$657

List price

$1.15M

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 7-bed single family in Toronto (Church-Yonge Corridor) has been listed for 0 days, which is 63 days fresher than the city average of 63. Act while there is still low competition.

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Listed by CENTURY 21 LEADING EDGE REALTY INC. · ALI HONARMAND

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4Y)

This home lists at $1,149,000, about 18.4× the local median household income of $62,400.

Carrying it typically needs a household income of about $224,440 (20% down, 25-yr amortization, stress-tested) — roughly 260% above the area median.

Median household income: $62,400
Population: 36,319
Median age: 33.2
Owner / renter: 29% / 72%
Avg. household size: 1.5

Source: Statistics Canada, 2021 Census (FSA M4Y)

$1,149,000· $657/ft²

For sale

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Full Cost Breakdown

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Down Payment7.82% · $89,900

Min 7.82%50%

Mortgage payment$5,872/mo

↳ CMHC premium ($42,364 capitalized)

Property tax (est.)$547/mo

Total monthly$6,419

Cash Needed to Close

Down payment (7.82%)$89,900

Land transfer tax$38,910

Est. closing costs$5,947

Total cash needed$134,757

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