$4,100,000
For sale: Multiplex

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!
Sold data
Homes in Kensington Chinatown took a median of 31 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 64, across 46 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.
The median sale price was $614,400.
Homes sold for about 4.6% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 20% of sellers reduced their price before finding a buyer.
Based on 46 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
Toronto (Kensington-Chinatown) 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.
Currently for sale

$3,900,000
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$3,999,900
Multiplex81 KENWOOD DRIVE, Kitchener

$2,700,000
Multiplex415 BRUNSWICK AVENUE, Annex, Toronto

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Other1306-1312 - 130 QUEENS QUAY E, Waterfront Communities C8, Toronto

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$4,750,000
Other799 BLOOR STREET W, Palmerston-Little Italy, Toronto

$3,500,000
Vacant Land238-240 BERKELEY STREET, Moss Park, Toronto

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Other1 - 17 ISABELLA STREET, Church-Yonge Corridor, Toronto