85 Walmer Road, Toronto (Annex) - Multi-family for Sale
85 Walmer Road, Toronto (Annex), Ontario, M5R2X6
8 beds6 baths5 parking4,250 ft²30 × 128 ft (3,805 sq ft) lot sizeListed 42 days ago
Overview
This multi-family property in Toronto is for sale offering roughly 4,250 sq ft of space. It has been on the market 42 days, fresher than the Toronto average of 57 days.
A five-unit Annex Semi Detached property with the kind of envelope and location that is not being built at today's replacement cost. Legal four-plex above grade plus a legal non-conforming lower suite across 5,225+ sq.ft. on Walmer Road, one of the most tenured income streets in central Toronto. In-place rents sit well below current Annex benchmarks. Income reflects long-tenured tenancies rather than today's market. The unit mix is differentiated - not five interchangeable bachelors. Unit 2 on the main floor is a 1,396 sq.ft. parlour-floor residence with a 21-foot living room, fireplace, oversized kitchen, and a 17-foot principal bedroom. Unit 5 on the third floor (1,171 sq.ft.) is configured with two kitchens, two four-piece baths, two primary bedrooms, an office, and a dining room - lives as one generous suite today. Unit 4 (758 sq.ft.) has a four-piece ensuite, walk-in closet, and living space. Unit 3 (710 sq.ft.) is a full one-bedroom with fireplace, kitchen, and dining. Unit 1 in the lower level (1,191 sq.ft., legal non-conforming) reads as a proper apartment: one-bedroom plus 15-foot den, full kitchen, three-piece bath, and private utility room. Three distinct buyer paths converge here. For the investor, five legal income streams on a single folio, a demand floor set by U of T, downtown professionals, and the Dupont / Spadina subway corridor. For the owner-investor - Multiple units are suitable and are amongst the most substantial owner's suites found inside a purpose-built Annex income property; live in it and let the other four units carry the debt while optionality is preserved. For the long-view buyer planning a single-family reversion - 5,225+ sq. ft. of interior envelope is a credible footprint for a top-of-market Annex restoration, and the existing plumbing stacks, kitchens, and floor plates make either path possible without starting from zero. Walking distance to Bloor Street, Casa Loma, the University of Toronto, and the Spadina subway line. (id:66096)
Property Details
MLS®
C13817514
Property Type
Multi-family
Zoning
R (D 1.0) (x 900)
Bedrooms
8
Beds (above / below)
8 above · 0 below
Bathrooms
6
Parking
5
Interior Size
4,250 ft²
Lot Size
30 × 128 ft (3,805 sq ft)
Frontage
30 ft
Storeys
2
Basement
Apartment in basement, N/A
Heating
Radiant heat, Natural gas
Cooling
None
Garage
Detached Garage, Garage
Property Tax
$12,555.56/yr
Listed
42 days ago
Features
Appliances
All
Foundation
Stone
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
42d
Toronto (Annex) listings, avg age
57d
Price / ft²
$517
List price
$2.20M
Extended: 42 days on market, against an average age of 57 days across the listings currently for sale in this city
Market timing · days on market0 → 57d avg age of current listings
Extended · day 42
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 (Annex) has been listed for 42 days, which is 15 days fresher than the city average of 57. Act while there is still low competition.
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