$1,250,000
For sale: Townhouse

A rare, licensed downtown Toronto income property offering 14 rental accommodations in a prime, high-demand rental location. This fully operational, turnkey asset requires minimal hands-on management and features 6 bathrooms, 2 shared kitchens, and 2 rear parking spaces. Situated as an end-unit row townhouse, the property benefits from only one attached neighbor, enhanced privacy, additional natural light, and the feel of a more traditional urban home. Strong, stable tenancy from university students and young professionals delivers immediate cash flow with minimal turnover, and an attractive cap rate. Ideally situated close to major transit routes, universities, shopping, parks, and everyday amenities, this is a very rare opportunity to acquire a high-cap rate, low-maintenance investment property in Toronto. Price is firm, no vendor take back. No vendor take-back. For More Information About This Listing, More Photos & Appointments, Please Click "View Listing On Realtor Website" Button In The Realtor.Ca Browser Version Or 'Multimedia' Button or brochure On Mobile Device App.
Sold data
Homes in South Riverdale took a median of 10 days to sell over the last 90 days, with the quickest quarter selling within 7 days and the slowest quarter taking more than 26, across 83 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 25 days.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 $979,000.
Homes sold for about 0.9% below asking on average, so there was room to negotiate.
About 43% of sales closed above the list price.
Around 10% of sellers reduced their price before finding a buyer.
Based on 83 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 (South Riverdale) 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

$1,095,000
Townhouse1259 DAVENPORT ROAD, Dovercourt-Wallace Emerson-Junction, Toronto

$1,299,000
Townhouse201/2 O'HARA AVENUE NE, Roncesvalles, Toronto

$1,899,000
Detached446 WILLIS DRIVE, 1020 - WO West, Oakville

$1,149,000
Detached26 GLEN EVEREST ROAD, Birchcliffe-Cliffside, Toronto

$1,499,900
Semi-Detached/Link382 BATHURST STREET, Trinity-Bellwoods, Toronto

$959,000
Detached539 LANSDOWNE AVENUE, Dufferin Grove, Toronto

$1,499,000
Detached543 LIMERICK ROAD, Shoreacres, Burlington

$1,725,000
Detached60 FERNALROY BOULEVARD, Stonegate-Queensway, Toronto