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

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

For sale

39 days ago

$2.10M

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

4 bd3 ba2 pk2,250 ft²Lot size 17 × 85 ft (1,403 sq ft)

Listed by HARVEY KALLES REAL ESTATE LTD.

Investment analysis

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$2,800,000

Toronto

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$2,800,000

For sale

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54 Stewart Street, Toronto (Waterfront Communities) - Single Family for Sale

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

7 beds5 baths0 parking20 × 86 ft (1,677 sq ft) lot sizeListed 155 days ago

Overview

This 7-bedroom, 5-bathroom home in Toronto is for sale.

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Description

30 story high rise assembly potential. Currently fully rented strong monthly rental income. Turnkey commercial/residential property situated directly adjacent to the future King Bathurst station on the Ontario Line (development opportunity). This 15.6 km rapid transit line, connecting Exhibition Place to the Ontario Science Centre, is set to revolutionize connectivity in Toronto. Located at 54 Stewart Street, this property is steps away from the upcoming King Bathurst station, enhancing its appeal for both commercial and residential purposes. It is extensively renovated in 2024, with over $700,000 invested in gutting the property to the studs, ensuring a maintenance-free experience for the next 20+ years. Currently houses 3 commercial tenants and 2 residential apartments. It includes a large rear addition with a private backyard patio, providing a serene outdoor retreat. (id:66096)

Property Details

MLS®: C13226270
Property Type: Single Family
Bedrooms: 7
Beds (above / below): 5 above · 2 below
Bathrooms: 5
Half Baths: 1
Parking: 0
Lot Size: 20 × 86 ft (1,677 sq ft)
Frontage: 20 ft
Storeys: 3
Basement: Finished, Apartment in basement, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning, Ventilation system
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $7,260/yr

Rooms

Third level

Bedroom
Bedroom 2
Bedroom 3
Kitchen

Main level

Office
Living room
Dining room
Office

Lower level

Kitchen

Second level

Bedroom
Bedroom 2
Living room

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Foundation: Brick
Exterior: Brick
Lot Features: Sump Pump, In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

155d

Toronto (Waterfront Communities) listings, avg age

57d

List price

$2.80M

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 7-bed single family in Toronto (Waterfront Communities) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by Royal LePage Real Estate Associates · DANI HABBAL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $2,800,000, about 30.8× the local median household income of $91,000.

Carrying it typically needs a household income of about $546,938 (20% down, 25-yr amortization, stress-tested) — roughly 501% 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)

$2,800,000

For sale

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Full Cost Breakdown

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Down Payment20% · $560,000

Min 20%50%

Mortgage payment$11,941/mo

Property tax (est.)$605/mo

Total monthly$12,546

Cash Needed to Close

Down payment (20%)$560,000

Land transfer tax$112,950

Est. closing costs$10,900

Total cash needed$683,850

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