120 Mcgill St
Church-Yonge Corridor, Downtown Toronto, M5B 1H6
FOR SALE
$2,390,000
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5 + 1
BEDROOMS6
BATHROOMS2 + 1
KITCHENS9
ROOMSC11944550
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Property Description
<< Please see virtual tour>> Attention all investors and landlords. Completely renovated freehold Victorian townhome. This 3 unit townhome featuring A total of 6 spacious bedrooms, 3 modern kitchens and 6 bathrooms. Over 2200 sf of living space, 10 ft ceilings on the main floor, a large third-floor deck, and a stunning private backyard retreat with a shed. Main floor is a large 1 bedroom 1 washroom unit. 2nd and 3rd floor unit has 4 bedrooms and 4 ensuite's. Basement is a separate entrance 1 bedroom. Nestled in a heart of downtown next to a few big high rise condos. This property has the potential to be purchased by future developers. Also comes with one parking spaces that are currently rented by Spot Hero. Conveniently located just steps from Toronto Metropolitan University (formerly Ryerson), and within walking distance to U of T, hospitals, shopping, dining, the entertainment district, and public transit. Consistently fully rented. This investment property is a positive cashflow gem! Priced to sell come get it before it's gone!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2023-01-05 | 2023-01-10 | 5 | $2,000 | $1,950 | Leased |
2022-12-12 | 2023-01-05 | 24 | $2,100 | - | Terminated |
2021-05-04 | 2021-05-17 | 14 | $1,950 | $2,100 | Leased |
2021-03-15 | 2021-03-25 | 10 | $1,739,000 | $1,695,000 | Sold |
2021-02-23 | 2021-03-14 | 19 | $1,699,000 | - | Terminated |
2020-06-18 | 2020-09-18 | 92 | $1,980,000 | - | Expired |
2020-03-12 | 2020-04-07 | 26 | $2,050,000 | - | Terminated |
2020-02-28 | 2020-03-11 | 12 | $1,999,999 | - | Terminated |
Extras
3 Fridge, 3 Stoves, 3 Hood, 2 Washer & Dryer, Existing Window Coverings, Alf, Upgraded - Electrical Wiring, Central A/C/Furnace, HWT, Windows. Approx. 119K In Gross Income - 5.72% Cap Rate! Must assume tenants in leases w/ good market rent!
Nearby Intersections
Property Features
Fenced Yard, Hospital, Park, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Att/Row/Townhouse, 3-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
21' x 80'
Acreage
< .50
Fronting
North
Taxes
$6,241 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Br | Main | 9.81' x 14.99' | Laminate, Window, Large Closet |
Kitchen | Main | 8.17' x 10.99' | Ceramic Floor, Window, Gas Fireplace |
Dining | Main | 10.17' x 13.39' | Walk-Out, Laminate, Pot Lights |
Br | 2nd | 11.84' x 10.99' | Laminate, Window, 3 Pc Bath |
Br | 2nd | 8.76' x 10.99' | Laminate, Window, 3 Pc Bath |
Family | Bsmt | 11.09' x 11.19' | Laminate, Window |
Br | 3rd | 8.07' x 9.32' | Laminate, Window, 3 Pc Bath |
Br | 3rd | 8.43' x 11.48' | Laminate, Window, 3 Pc Bath |
Br | Bsmt | 8.92' x 10.24' | Laminate, Window, Separate Rm |
Kitchen | Bsmt | 7.48' x 12.01' | Backsplash, Ceramic Floor |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
120 Mcgill St is a 5-bedroom 6-bathroom townhome listed for sale at $2,390,000, which is $1,055,000 (79.0%) higher than the average sold price of $1,335,000 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 5 bedroom townhome in Downtown Toronto declined by $3,333 (0.2%) compared to the previous 30 day period (November 19 - December 18) and up $185,000 (16.1%) from the same time one year ago.Inventory Change
There were 0 5-bedroom townhomes listed in Downtown Toronto over the last 30 days (December 19 - January 17), which is down 100.0% compared with the previous 30 day period (November 19 - December 18) and down 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom townhomes in Downtown Toronto typically sold ($65,000) (4.9%) below asking price over the last 30 days (December 19 - January 17), which represents a $42,596 increase compared to the previous 30 day period (November 19 - December 18) and ($78,888) 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 5-bedroom townhomes in Downtown Toronto over the last 30 days (December 19 - January 17) stood at ∞, up from 60.0% over the previous 30 days (November 19 - December 18) and up from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 6-bathroom townhome in Downtown Toronto stood at 92 days when successfully sold over the last 30 days (December 19 - January 17), compared to 97 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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