5 SORAUREN AVENUE, Toronto (Roncesvalles)

$4,300,000

For sale: Multiplex

Multiplex at 5 SORAUREN AVENUE, Toronto (Roncesvalles)
Property type
Multiplex
Bedrooms / bathrooms
14 bedrooms, 7 bathrooms
Living area
5,000 sqft
MLS®
MLS® W13852858
Neighbourhood
Roncesvalles

Rare Multi-Residential Investment & Development Opportunity in Toronto! Exceptional opportunity to acquire an established legal 7-unit multi-residential property with approved plans for Phase 2 development of an additional 5 residential units - offering the potential for a 12-unit multi-residential property upon completion. The existing building consists of 7 self-contained residential units, providing immediate rental income while offering significant value-add potential through the approved second phase. Ideally situated in the highly desirable Sorauren/Parkdale neighbourhood, steps to Sorauren Avenue Park and minutes to Roncesvalles Village, Queen Street West, TTC, shops, restaurants and everyday amenities. An outstanding opportunity for investors, developers and multi-residential operators to acquire an income-producing asset with a clear path for further intensification in a prime Toronto location. Existing 7 legal units + approved plans for 5 additional units - a truly unique investment and development opportunity.

Sold data

Homes in Roncesvalles — recent sold market

Homes in Roncesvalles took a median of 8 days to sell over the last 90 days, with the quickest quarter selling within 7 days and the slowest quarter taking more than 39, across 34 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 25 days.

The median sale price was $1,198,500.

Homes sold for about 1.1% below asking on average, so there was room to negotiate.

About 44% of sales closed above the list price.

Around 12% of sellers reduced their price before finding a buyer.

Median days to sell
8
Median sale price
$1,198,500
Sale-to-list ratio
98.9%
Sold above asking
44%

Based on 34 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Toronto (Roncesvalles)

Toronto (Roncesvalles) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.

Rated schools
529
Elementary
425
Secondary
104
Average rating
6.2 / 10

Top-rated schools in Toronto (Roncesvalles)

  • Cottingham — elementary, TorontoFraser rating 10.0/10
  • High Park Alternative — elementary, TorontoFraser rating 10.0/10
  • Northmount — elementary, TorontoFraser rating 10.0/10
  • Sathya Sai — elementary, TorontoFraser rating 10.0/10
  • St Michael's Choir — secondary, TorontoFraser rating 10.0/10
  • St Sebastian — elementary, TorontoFraser rating 10.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 5 SORAUREN AVENUE