Frontside or backside of a home, cottage for 30/32 Wells St, Toronto Ontario M5R 1P2
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Frontside or backside of a home, cottage for 30/32 Wells St, Toronto Ontario M5R 1P2
36 days on Market

30/32 Wells St, Toronto, Ontario M5R 1P2

$2,399,000
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$23,990Cashback
Detached
4 + 2
5
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$10,303/mo

Tax Amount (2024)$11,173/yr

Days On Market36 days


Description

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.


Property Details

Style2-Storey
View-
Age of property-
SqFt-
Lot Size2,072 SqFt(72.5 x 28.58)
Parking Spaces4
MLS ®NumberC9398946
Community NameThe Annex
Data SourceTRREB

Features

Heating: Water
Cooling: Wall Unit
Fireplace
Basement: Apartment, Fin W/O

2nd Floor

Living

4.01 x 4.95

Closet / Hardwood Floor / Combined W/Dining

Br

3.51 x 3.99

B/I Closet / Hardwood Floor

Kitchen

2.18 x 2.82

Window / Hardwood Floor / B/I Dishwasher

Br

3.51 x 2.64

Closet / Hardwood Floor


Features

Lot size: 2,072 SqFt

Parking

Garage spaces 2

Garage type Attached

Other parking spaces 2

Total parking spaces 4


Property History

Now
ListedFor Salefor$2,399,000Active
36 days on market
Listing by trreb®
history photo preview21
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Property listed by FREEMAN REAL ESTATE LTD., Brokerage

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Market DataFor the past 30 days in The Annex

Median Selling Price

$3,100,000

143.14% more than GTA:

$1,275,000

Median Bidding

Underbidding - Trending to buyer market

-$32,000

GTA median: -$25,000

Median Number of Sales

5 sales

2842 sales less than GTA:

2847 sales

Median Number of Days on Market

9 days

12 days less than GTA:

21 days

Want more insights?Visit the Market Pulse


Schools and amenities

Estimated Budget