39 River Street, Toronto (Regent Park), Ontario, M5A3P1




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$2,150,000
Toronto
This 4-bedroom, 2-bathroom home in Toronto is for sale offering roughly 4,250 sq ft of space. It has been on the market 33 days, fresher than the Toronto average of 87 days.
Exceptional Development Opportunity in Downtown Toronto! Attention Builders, Developers & Investors - 39 River Street offers a rare opportunity to acquire a prime development site in a rapidly evolving downtown neighbourhood. Situated on an approximately 22' x 116' lot, this property offers outstanding redevelopment potential in a highly desirable location surrounded by significant residential growth and urban revitalization. Previous plans contemplated a purpose-built multi-residential development with 10 units and approximately 7,300 sq. ft. of leasable/sellable area. Conveniently located close to Regent Park, Corktown, the Distillery District, Riverside, downtown amenities, public transit, parks, schools and major routes. An outstanding opportunity for developers and investors looking to capitalize on continued growth in Toronto's downtown east. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 33 days on market, against an average age of 87 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 4-bed single family in Toronto (Regent Park) has been listed for 33 days, which is 54 days fresher than the city average of 87. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,150,000, about 30.3× the local median household income of $71,000.
Carrying it typically needs a household income of about $419,970 (20% down, 25-yr amortization, stress-tested) — roughly 492% above the area median.
Source: Statistics Canada, 2021 Census (FSA M5A)
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Loading rates, 30-yr amortization
Cash Needed to Close
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