148 Borden St
University, Downtown Toronto, M5S 2N3
FOR SALE
$3,595,000
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8
BEDROOMS10
BATHROOMS5
KITCHENS19
ROOMSC8273260
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Property Description
Welcome to an unparalleled opportunity in real estate excellence. This premier multiplex exudes luxury and sophistication boasting an impressive street presence. Constructed in 2000, this remarkable property stands as a testament to quality, craftsmanship and timeless design, ensuring minimal maintenance requirements. Comprising of 5 legal suites, a hallmark of efficiency and autonomy boasting 5 sep gas meters, 5 hydro meters & 5 a/c, 3 car garage with new rebuilt coach house!
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Extras
Alarm system, central vac, owned hot water tanks, +++ Represents a rare opportunity to acquire a turnkey investment in luxury real estate. Whether as a lucrative investment or a prestigious residence, this multiplex is the best urban living
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Property Details
Street
Community
City
Property Type
Multiplex, 3-Storey
Lot Size
26' x 138'
Fronting
West
Taxes
$17,203 (2023)
Basement
Apartment
Exterior
Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Driveway
Lane
Garage Type
Detached
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
148 Borden St is a 8-bedroom 10-bathroom home listed for sale at $3,595,000, which is $1,649,000 (84.7%) higher than the average sold price of $1,946,000 in the last 30 days (April 6 - May 5). During the last 30 days the average sold price for a 8 bedroom home in Downtown Toronto declined by $201,500 (9.4%) compared to the previous 30 day period (March 7 - April 5) and down $1,416,933 (42.1%) from the same time one year ago.Inventory Change
There were 10 8-bedroom homes listed in Downtown Toronto over the last 30 days (April 6 - May 5), which is up 150.0% compared with the previous 30 day period (March 7 - April 5) and up 42.9% compared with the same period last year.Sold Price Above/Below Asking ($)
8-bedroom homes in Downtown Toronto typically sold ($124,000) (6.4%) below asking price over the last 30 days (April 6 - May 5), which represents a $123,500 decrease compared to the previous 30 day period (March 7 - April 5) and ($134,400) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 8-bedroom homes in Downtown Toronto over the last 30 days (April 6 - May 5) stood at 20.0%, down from 50.0% over the previous 30 days (March 7 - April 5) and down from 42.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 8-bedroom 10-bathroom home in Downtown Toronto stood at 87 days when successfully sold over the last 30 days (April 6 - May 5), compared to 77 days before being removed from the market upon being suspended or terminated.Listing contracted with Harvey Kalles Real Estate Ltd.
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Don't Miss Out On The Incredible Opportunity To Own This Purpose-Built, Legal Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The Solid Brick 9-Plex Consists Of 6 2-Bedroom, 2 1-Bedroom Units & A Studio Apartment, 15 Bedrooms In Total! Potential Gross Income Is Approximately $268,800.00, Which Makes This An Amazing Investment Opportunity. This Building Is Always Fully Rented And Offers A Fabulous Upside Potential On Tenant Turnover That Would Account For About 5.7% Of Return On The Investment Plus A Building Ownership! The Units Are Updated And Bright, Very Clean & Easy To Rent. Very Well Managed Building With Great Tenants, In A Perfect Location, Near GO Station, Amenities, The Lake And The Gardiner ExpressWay.
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