30/32 Wells Street Sold 10 days ago

Toronto, Annex, M5R 1P2

$2,399,000$000000

Description

Listed by FREEMAN REAL ESTATE LTD..

Check Out this Fantastic Opportunity. Well-suited for any lifestyle, this detached corner investment home, facing beautiful greenspace, is ready to welcome you. Located in the heart of the Annex, its just a short walk to three subway stations, Bloor St., Dupont St., bike lanes, & short walking distance to the University of Toronto and George Brown campuses. There's also direct transit access to York University. This smartly configured property offers 3 self-contained, spacious suites, loads of parking options with private double driveway and attached garage. The owner-sized, 2-level unit boasts over 2,000 square feet, featuring views of the park, with 2-3 bedrooms, 3 bathrooms, and a 200-square-foot private terrace. The second-level 2-bedroom unit has a large open living space with views of tree-lined Brunswick Ave, while the lower-level 2-bedroom unit features high ceilings, loads of space and a full-sized kitchen. With Home Inspection completed, this Turnkey-ready, Cash Generating property with numerous upgrades, including fire code updates such as self-closing doors, and sprinkler system, is ready to go. Whether you're looking for a solid investment or a live-and-rent option, this property offers revenue generating flexibility. With a projected gross revenue of $128K per year, you can capitalize on falling interest rates and/or live in one unit while using rental income to pay down your mortgage faster. This is a rare opportunity to own a versatile property in one of Toronto's most desirable and central downtown neighborhoods. Offers anytime, don't delay.

Speak to listing agent about Vacant possession.

Location

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  • Address: 30/32 Wells Street
  • Neighborhood: Annex
  • City: Toronto
  • State: Ontario
  • Postal Code: M5R 1P2

Property Details

  • Property ID: C9398946
  • Property Price: $2,399,000
  • Style: Detached, 2-Storey
  • Rooms: 13+5
  • Bedrooms: 4+2
  • Bath: 5
  • Garages Spaces: 2
  • Garage: Attached
  • Parking Spaces: 4
  • A/C: Wall Unit
  • Basement: Apartment, Fin W/O
  • Den: Y
  • Exterior: Brick, Other
  • Heating: Water
  • Fireplace: Y
  • Taxes: $11,172.81 (2024)
  • Lot: 72.50x28.58 (Feet)

Room details and dimensions

Statistics for similar Detached homes in Annex

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Detached homes in Annex

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Detached homes in Annex

Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100

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