$3,995,000
For sale: Multiplex

Nestled amongst the splendid Victorian homes of Harbord Village, tucked away on the west side of Sussex Mews, stands this Bohemian oasis. Once an industrial building from bygone era of early 1900s Toronto, this 2 storey brick edifice is now home to 3 private residences and is situated on a spectacular lot. Perfect for the empty nester, the up and comer, or the visionary developer who wants to create a laneway style, one of a kind chic, urban pied-a-terre or a collection of townhomes, 156 Sussex Mews represents a truly unique real estate investment or redevelopment opportunity in one of the most culturally diverse and vibrant areas in central Toronto. The Main Floor suite features 2 bedrooms, 1 bath, and is an airy, loft-like slice of Soho in Toronto with 10 ft + ceilings. Charming upper-level owners' suite features 2 bedrooms, 1 bath, and is a cozy space with a walkout to a private garden. Garden level suite features 1 bedroom and 1 bathroom with a working wood burning fireplace and a private walkout to a patio lounge space. The property also includes a separate stucco structure, as per the survey, previously used as an artist studio with access to the side yard.
Sold data
Homes in University took a median of 20 days to sell over the last 365 days, with the quickest quarter selling within 8 days and the slowest quarter taking more than 47, across 65 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 38 days.
The median sale price was $1,429,000.
Homes sold for about 4.0% below asking on average, so there was room to negotiate.
About 26% of sales closed above the list price.
Around 14% of sellers reduced their price before finding a buyer.
Based on 65 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Toronto (University) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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