$899,000

For saleJust listed

54 Ryerson Avenue, Toronto (Kensington-Chinatown) - Multi-family for Sale

54 Ryerson Avenue, Toronto (Kensington-Chinatown), Ontario, M5T2P5

8 beds3 baths0 parking1,750 ft²18 × 76 ft (1,374 sq ft) lot sizeListed Today

Overview

This multi-family property 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 81 days.

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Description

Location! Location! Attention Investors & End Users! Rare Solid Brick Legal Duplex, Proudly Owned & Maintained By The Same Owner For Over 20 Years, Offering Exceptional Income Potential With 7 Bedrooms, 3 Kitchens & A Highly Functional Multi-Level Layout. Separate Walk-Up Basement With Its Own Kitchen & Rare High Ceilings For The Area, Creating Excellent Potential For A Third Living Area & Additional Rental Income. Freshly Painted Throughout With Spacious Bedrooms, High Ceilings & Generous Living Space, Ideal For Investors, Multi-Generational Families Or End Users Looking To Live In One Unit While Generating Income From The Rest. Steps To Parks, Schools, 24-Hr TTC, Chinatown, Shopping, Restaurants & Everyday Amenities. Live In, Rent Out & Maximize The Potential Of This Versatile Downtown Property - A Rare Opportunity With Multiple Income Possibilities In A Prime Location! (id:66096)

Property Details

MLS®: C14149074
Property Type: Multi-family
Bedrooms: 8
Beds (above / below): 7 above · 1 below
Bathrooms: 3
Parking: 0
Interior Size: 1,750 ft²
Lot Size: 18 × 76 ft (1,374 sq ft)
Frontage: 18 ft
Storeys: 2
Basement: Separate entrance, N/A
Heating: Natural gas
Cooling: Window air conditioner
Garage: No Garage
Fireplace: Yes
Property Tax: $7,573.36/yr
Listed: Today

Rooms

Ground level

Family room: 5.2 x 4 meters
Kitchen: 5.45 x 3.9 meters
Dining room: 5.45 x 3.9 meters
Bedroom: 4.1 x 3.15 meters
Bedroom 2: 4.1 x 3.15 meters

Second level

Bedroom: 3.9 x 2.4 meters
Kitchen: 3.7 x 2.8 meters
Dining room: 3.7 x 2.8 meters
Bedroom 3: 3.9 x 2.65 meters
Bedroom 4: 4.5 x 3.2 meters

Features

Appliances: Washer, Stove, Hood Fan, Window Coverings, Two Refrigerators
Flooring: Laminate, Ceramic, Vinyl
Foundation: Block, Concrete
Exterior: Brick

Services

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

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$514

List price

$899K

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 8-bed multi-family in Toronto (Kensington-Chinatown) has been listed for 0 days, which is 81 days fresher than the city average of 81. Act while there is still low competition.

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Listed by AVION REALTY INC. · DEVEN CHEN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5T)

This home lists at $899,000, about 14.6× the local median household income of $61,600.

Carrying it typically needs a household income of about $175,606 (20% down, 25-yr amortization, stress-tested) — roughly 185% above the area median.

Median household income: $61,600
Population: 17,903
Median age: 36
Owner / renter: 32% / 68%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M5T)

$899,000· $514/ft²

For sale

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Full Cost Breakdown

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Down Payment7.22% · $64,900.00

Min 7.22%50%

Mortgage payment$4,624/mo

↳ CMHC premium ($33,364 capitalized)

Property tax (est.)$631/mo

Total monthly$5,256

Cash Needed to Close

Down payment (7.22%)$64,900

Land transfer tax$28,910

Est. closing costs$5,197

Total cash needed$99,007

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