50 Stewart Street, Toronto (Waterfront Communities), Ontario, M5V1H6

For sale

13 days ago

$2.40M

50 Stewart Street, Toronto (Waterfront Communities), Ontario, M5V1H6

4 bd3 ba1 pk2,250 ft²Lot size 19 × 86 ft (1,668 sq ft)

Listed by REMAX YOUR COMMUNITY REALTY

54 Stewart Street, Toronto (Waterfront Communities), Ontario, M5V1H6

For sale

156 days ago

$2.80M

54 Stewart Street, Toronto (Waterfront Communities), Ontario, M5V1H6

7 bd5 baLot size 20 × 86 ft (1,677 sq ft)

Listed by Royal LePage Real Estate Associates

Investment analysis

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$2,100,000

Toronto

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$2,100,000

For sale

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506 Adelaide Street West, Toronto (Waterfront Communities) - Single Family for Sale

506 Adelaide Street West, Toronto (Waterfront Communities), Ontario, M5V1T5

4 beds3 baths2 parking2,250 ft²17 × 85 ft (1,403 sq ft) lot sizeListed 39 days ago

Overview

This 4-bedroom, 3-bathroom home in Toronto is for sale offering roughly 2,250 sq ft of space. Listed at $2,100,000, it is attractively priced about 12% below the $2,399,000 median asking price in Toronto. It has been on the market 39 days, fresher than the Toronto average of 57 days.

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Description

Mixed-use investment opportunity in Toronto's King West/Fashion District. The main floor and basement provide retail commercial space, with one residential unit on each of the second and third floors. Both residential units have been recently updated; the second-floor unit is expected to be vacant by November 30. Annual income is approximately $141,000, providing strong holding income and a reported cap rate above 5%. The property's historic character and Adelaide Street West location add long-term appeal. Potential for future redevelopment or adaptive reuse, subject to heritage requirements?merolinx approval and municipal approvals. One year FREE Property Management included, Ask LA for details. NOTE: One seller is a Registered Real Estate Saleperson. 2421 sq feet (2949 including basement) (id:66096)

Property Details

MLS®: C13832346
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 3
Parking: 2
Interior Size: 2,250 ft²
Lot Size: 17 × 85 ft (1,403 sq ft)
Frontage: 17 ft
Storeys: 3
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax: $23,559.64/yr
Listed: 39 days ago

Rooms

Main level

Other: 8.86 x 3.45 meters
Other: 4.93 x 2.18 meters
Other: 2.84 x 2.49 meters
Other: 2.92 x 4.04 meters

Third level

Bedroom: 2.97 x 2.24 meters
Kitchen: 3.76 x 2.24 meters
Bedroom: 4.39 x 2.24 meters

Lower level

Other: 8.71 x 4.57 meters

Second level

Living room: 5.97 x 2.87 meters

Features

Appliances: Refrigerator, Stove
Flooring: Tile, Hardwood
Foundation: Unknown
Lot Features: Lane

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

39d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$933

List price

$2.10M

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 (Waterfront Communities) has been listed for 39 days, which is 18 days fresher than the city average of 57. Act while there is still low competition.

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Listed by HARVEY KALLES REAL ESTATE LTD. · ERROL PAULICPULLE

Location

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Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $2,100,000, about 23.1× the local median household income of $91,000.

Carrying it typically needs a household income of about $410,204 (20% down, 25-yr amortization, stress-tested) — roughly 351% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$2,100,000· $933/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $420,000

Min 20%50%

Mortgage payment$8,956/mo

Property tax (est.)$1,963/mo

Total monthly$10,919

Cash Needed to Close

Down payment (20%)$420,000

Land transfer tax$77,950

Est. closing costs$8,800

Total cash needed$506,750

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