Active

30/32 Wells St

Toronto Ontario, M5R 1P2

C$2,399,000


Active

6 Beds

5 Baths

Residential

** OPEN HOUSE SUNDAY 27th**. 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.

C9398946

MLS ID

October 26, 2024

Updated

Map

30/32 Wells St
Toronto Ontario, M5R 1P2

Interior Features

Total Stories

2


Bedrooms

6


Total Bathrooms

5


Fireplace

Yes


Cooling

Yes


Cooling Description

Wall Unit


Heating

Yes


Heating Description

Water, Gas

Exterior/Building Features

Lot Size

0.05 Acres


Lot Features

Park, Public Transit, School


Sewer

Sewers

Other Property Details

Area Name

Annex


Taxes

$11,173


Tax Frequency

Annually


Garage

Yes


Garage Spaces

2


Parking

Attached


Parking Total

4


View

No


County

Ontario


Municipality

Toronto


Water Source

Municipal


Pool

No


Pool Features

None

 

Courtesy of Listed by , FREEMAN REAL ESTATE LTD.,

Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.

©2024 Toronto Real Estate Board. All rights reserved. 

Data last updated 10:41 AM UTC, 10/26/2024

 

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