243 Lippincott Street, Toronto (University), Ontario, M5S2P4

For sale

76 days ago

$1.82M

243 Lippincott Street, Toronto (University), Ontario, M5S2P4

8 bd3 ba2,750 ft²Lot size 17 × 140 ft (2,391 sq ft)

Listed by RE/MAX ALL-STARS REALTY INC.

142 Borden Street, Toronto (University), Ontario, M5S2N3

For sale

130 days ago

$3.00M

142 Borden Street, Toronto (University), Ontario, M5S2N3

9 bd8 ba2 pk2,250 ft²Lot size 27 × 138 ft (3,657 sq ft)

Listed by TRUSTWELL REALTY INC.

156 Sussex Mews, Toronto (University), Ontario, M5S2K1

For sale

175 days ago

$4.00M

156 Sussex Mews, Toronto (University), Ontario, M5S2K1

6 bd3 ba5 pkLot size 71 × 63 ft (4,473 sq ft)

Listed by CHESTNUT PARK REAL ESTATE LIMITED

Investment analysis

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$1,950,000

Toronto

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$1,950,000

For sale

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9 Borden Street, Toronto (University) - Multi-family for Sale

9 Borden Street, Toronto (University), Ontario, M5S2M8

9 beds5 baths2 parking3,250 ft²25 × 105 ft (2,625 sq ft) lot sizeListed 43 days ago

Overview

This multi-family property in Toronto is for sale offering roughly 3,250 sq ft of space. It has been on the market 43 days, fresher than the Toronto average of 79 days.

Multi-Family Properties for Sale in Toronto →All real estate in Toronto →

Description

A rare legal 4 unit Victorian Home in one of Toronto's most walkable neighbourhoods - ideal for investors, owners seeking a mortgage helper, or multi generational living. This handsome 3 storey red brick home offers ~ 3,000 sq ft above grade, a generous 25 ft frontage, and four self contained apartments with updated electrical (4 isolated panels), new kitchen cabinets, new bathroom fixtures and vanities, and new flooring.The underpinned, unfinished basement with separate walk out provides excellent future potential for a 1000 sq ft 2 bedroom apartment with 8 ft ceilings.Two rear parking spaces add everyday convenience and strong rental appeal. Steps to U of T, transit, cafés, Chinatown, and Kensington Market - move in, rent out, or reimagine the space to suit your needs in a premier downtown location. 4 units | Updated electrical with 4 isolated panels | New kitchens & flooring | Underpinned basement with walk-out | Over 3,000 sq ft above grade | 25 ft frontage | Prime location. (id:66096)

Property Details

MLS®: C13815814
Property Type: Multi-family
Bedrooms: 9
Beds (above / below): 8 above · 1 below
Bathrooms: 5
Half Baths: 1
Parking: 2
Interior Size: 3,250 ft²
Lot Size: 25 × 105 ft (2,625 sq ft)
Frontage: 25 ft
Storeys: 3
Basement: Full, Separate entrance
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $9,527.65/yr
Listed: 43 days ago

Rooms

Ground level

Living room: 3.41 x 5.21 meters
Foyer: 2.05 x 7.8 meters
Bedroom: 4.45 x 2.57 meters
Bedroom: 4.52 x 3.69 meters
Kitchen: 3.83 x 3.57 meters
Bedroom: 2.96 x 3.07 meters

Second level

Kitchen: 3.92 x 2.75 meters
Bedroom: 2.96 x 3.07 meters
Bedroom: 2.92 x 4.95 meters
Bedroom: 3.34 x 2.55 meters

Features

Appliances: All, Water Heater
Foundation: Block, Concrete
Exterior: Brick
Lot Features: Lane, Carpet Free

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

43d

Toronto (University) listings, avg age

79d

Price / ft²

$600

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 9-bed multi-family in Toronto (University) has been listed for 43 days, which is 36 days fresher than the city average of 79. Act while there is still low competition.

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Listed by CENTURY 21 LEADING EDGE REALTY INC. · JEFFREY JAMES GILMORE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5S)

This home lists at $1,950,000, about 27.9× the local median household income of $70,000.

Carrying it typically needs a household income of about $380,903 (20% down, 25-yr amortization, stress-tested) — roughly 444% above the area median.

Median household income: $70,000
Population: 17,074
Median age: 33.2
Owner / renter: 36% / 64%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5S)

$1,950,000· $600/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.)$794/mo

Total monthly$9,110

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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