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$4,100,000
Toronto
90 Oxford Street, Toronto (Kensington-Chinatown), Ontario, M5T1P3
This multi-family property in Toronto is for sale offering roughly 2,680 sq ft of space. It has been on the market 33 days, fresher than the Toronto average of 81 days.
Rarely does a downtown investment property of this calibre come to market. An exceptional purpose built 11-unit property in the heart of sought-after Kensington Market, offering approximately 8,176 sq. ft. of GFA and an impressive unit mix: 7 two-bedroom, 2 three-bedroom and 2 one-bedroom suites. Spacious layouts and high ceilings are complemented by distinctive heritage character, including buff brick, decorative brickwork, three-sided flat-headed bay windows, wide eaves and recessed entrances. Hydro is separately metered, with individual electrical panels for each unit, except Unit 11, which is not separately metered and has hydro included in its rent. The majority of the plumbing and wiring has been replaced, and each basement apartment is equipped with a sump pump. Well maintained and straightforward to manage, the property offers immediate income with meaningful long-term upside as suites turn over. An outstanding downtown location steps to TTC, U of T, Toronto Western Hospital, parks, restaurants, cafés and the shops and energy of Kensington Market. A rare opportunity to acquire a substantial multi-residential asset in one of Toronto's most established and sought-after downtown neighbourhoods. A REAL GEM! (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 33 days on market, against an average age of 81 days across the listings currently for sale in this city
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.
This multi-family in Toronto (Kensington-Chinatown) has been listed for 33 days, which is 48 days fresher than the city average of 81. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $4,100,000, about 66.6× the local median household income of $61,600.
Carrying it typically needs a household income of about $800,874 (20% down, 25-yr amortization, stress-tested) — roughly 1200% above the area median.
Source: Statistics Canada, 2021 Census (FSA M5T)
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Loading rates, 30-yr amortization
Cash Needed to Close
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