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185 Walmer Road, Annex M5R 2X8

Price

$1,250,000

Bedrooms

5 Beds

Bathrooms

4 Baths

Size

2000-2500 sqft

Year Built

Not listed

Property Type

House

Property Taxes

$7642.42

Description

Prime Annex Opportunity on Coveted Walmer Road. An exceptional opportunity to own a classic red-brick property in one of the Annex's most sought-after locations. Currently configured as four fully tenanted suites, the property offers a versatile mix of layouts and strong income potential. The spacious main floor features a 2-bedroom, 1-bathroom suite, while the second floor offers another 2-bedroom, 1-bathroom suite. The third floor includes a 1-bedroom, 1-bathroom suite with the added benefit of a private rooftop deck. The lower level offers a studio with a 3-piece bathroom. Adding to the appeal are five dedicated parking spaces at the rear - a rare and valuable feature in the Annex, where parking is consistently at a premium. Whether you're looking to add a well-located property to your investment portfolio or explore a future conversion or redevelopment opportunity, this property offers exceptional flexibility and upside in a prime Toronto location just steps to Dupont TTC subway station with the downtown core easily accessible for shopping, U of T., Yorkville, Bloor Street and amenities. New roof (2023), new flat roof (2025), new electric ranges (lower level and second floor - 2025).

Sale history for

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The Property Location

Calculate Your Monthly Mortgage Payments

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Total Monthly Payment

$5,628 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$1,000,000

Total Interest Payments

$616,561

Total Payment (Principal + Interest)

$1,616,561

Get An Estimate On Selling Your House

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Estimated Net Proceeds

$68,000

Realtor Fees

$25,000

Total Selling Costs

$32,000

Sale Price

$500,000

Mortgage Balance

$400,000

Meet Ken Matsumoto

Meet Ken Matsumoto

A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken has a passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.

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