$1,950,000

For sale

469 Richmond Street East, Toronto (Moss Park) - Single Family for Sale

469 Richmond Street East, Toronto (Moss Park), Ontario, M5A1R1

4 beds4 baths0 parking1,750 ft²17 × 70 ft (1,211 sq ft) lot sizeListed 11 days ago

Overview

This 4-bedroom, 4-bathroom home in Toronto is for sale offering roughly 1,750 sq ft of space. It has been on the market 11 days, fresher than the Toronto average of 61 days.

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Description

Rare Opportunity to Own a Legal Triplex with Exceptional Multi-Use Potential in the Heart of Downtown Toronto! This Charming 3-Storey Victorian Brownstone Semi-Detached Property Offers Approx. 2,900 Sq Ft of Living Space, Featuring 3 Separate Above-Grade Units Plus a Basement with a Separate Entrance. All 3 Above-Grade Units Are Currently Vacant, Offering Outstanding Flexibility for Investors and Owner-Occupiers. The Property Previously Generated Nearly $8,000/Month in Combined Rental Income, Including the Basement (Approx. $96,000 in Historical Annual Gross Income). Ideal for Multi-Generational Living, Owner-Occupancy with Rental Income, or Investment. Potential Live/Work, Office and Commercial Uses Subject to Applicable Zoning, Permits and Municipal Approvals. Bright and Spacious Interiors with Classic Victorian Character, 200-Amp Electrical Service and Copper Plumbing. Prime Downtown Location Near St. Lawrence Market, Distillery District, Shops, Restaurants and Transit, with Convenient Access to the Gardiner Expressway and DVP. A Rare Opportunity to Own a Versatile Downtown Property with Income and Multi-Use Potential! (id:66096)

Property Details

MLS®: C14114674
Property Type: Single Family
Zoning: Commercial, Residential, Employment
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 4
Half Baths: 1
Parking: 0
Interior Size: 1,750 ft²
Lot Size: 17 × 70 ft (1,211 sq ft)
Frontage: 17 ft
Storeys: 3
Basement: Separate entrance, Walk-up, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes

Rooms

Third level

Kitchen: 2.01 x 3.81 meters
Bedroom 3: 3.32 x 4.6 meters
Bedroom 4: 3.32 x 4.6 meters
Loft: 4.88 x 3.66 meters

Basement

Recreational, Games room: 4.99 x 6.46 meters

Main level

Dining room: 3.38 x 6.4 meters
Living room: 5.22 x 3.71 meters
Kitchen: 3.38 x 6.4 meters
Office: 3.38 x 2.96 meters

Second level

Features

Appliances: Washer, Refrigerator, Gas stove(s), Dryer
Flooring: Concrete, Hardwood, Laminate, Porcelain Tile
Foundation: Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

11d

Toronto (Moss Park) listings, avg age

61d

Price / ft²

$1,114

List price

$1.95M

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 4-bed single family in Toronto (Moss Park) has been listed for 11 days, which is 50 days fresher than the city average of 61. Act while there is still low competition.

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Listed by CENTURY 21 LANDUNION REALTY INC. · GAIL YU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5A)

This home lists at $1,950,000, about 27.5× the local median household income of $71,000.

Carrying it typically needs a household income of about $380,903 (20% down, 25-yr amortization, stress-tested) — roughly 436% above the area median.

Median household income: $71,000
Population: 48,978
Median age: 36.4
Owner / renter: 35% / 65%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5A)

$1,950,000· $1,114/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $390,000

Min 20%50%

Mortgage payment$8,316/mo

Property tax (est.)$991/mo

Total monthly$9,307

Cash Needed to Close

Down payment (20%)$390,000

Land transfer tax$70,950

Est. closing costs$8,350

Total cash needed$469,300

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