$1,220,000
Toronto
250 Shuter Street, Toronto (Moss Park), Ontario, M5A1W2
This multi-family property in Toronto is for sale offering roughly 1,300 sq ft of space. It has been on the market 33 days, fresher than the Toronto average of 61 days.
In the heart of Downtown Toronto, a legal 2 units, 2-storey duplex presents an excellent opportunity for investors, first-time buyers, and those seeking a flexible income-producing property. Why take on the uncertainty, stress, time and expense of a major renovation/build when the work is already done? This move-in-ready duplex features two fully self-contained apartments, each with its own separate entrance, separate hydro meter, forced-air gas furnace, in-suite laundry and quality appliances. Ideal for an investor seeking rental income or a first-time buyer looking to live in one unit while generating income from the other. The property has enjoyed a consistent rental income over the years, attracting working professionals and students who value the convenience of downtown living with modern comfort. Located directly on a TTC bus route and close to a subway station, with a short 15-minute walk to George Brown College, CF Toronto Eaton Centre and Toronto Metropolitan University (TMU), this property combines income potential, convenience and urban lifestyle. The main floor and the basement combine as one unit of 4 bed & 2 washrooms. Its kitchen with cream hexagon ceramic backsplash brings warmth to the grey cabinetry and stainless steel appliances, laundry and an outdoor escape to a cute backyard. Opening the second front door is an entrance up the stairs to a 2 bedroom, 1x3 pc bath & laundry. This 2nd floor self contained unit is a modern & bright apartment. The combined living/dinning with an open concept overlooking the kitchen with stainless steel appliances. Off the first bedroom is a balcony overlooking the backyard. A 3pc washroom by the hallway and laundry. Wanting to own and get potential income? Book a showing to see this handsome duplex today! Or watch 2 videos separately of each unit in 3D (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 33 days on market, against an average age of 61 days across the listings currently for sale in this city
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.
This 6-bed multi-family in Toronto (Moss Park) has been listed for 33 days, which is 28 days fresher than the city average of 61. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,220,000, about 17.2× the local median household income of $71,000.
Carrying it typically needs a household income of about $238,309 (20% down, 25-yr amortization, stress-tested) — roughly 236% above the area median.
Source: Statistics Canada, 2021 Census (FSA M5A)
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Loading rates, 30-yr amortization
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.