19 Grange Ave
Kensington-Chinatown, Downtown Toronto, M5T 1C6
FOR SALE
$3,999,999
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8 + 3
BEDROOMS8
BATHROOMS4 + 1
KITCHENS17 + 1
ROOMSC8261310
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Property Description
Fully Renovated Multi-Unit Victorian with Newly Built 3+1 Bedroom Laneway House in Prime Downtown Central Location. This is a special combination of charm and contemporary features in one of the deepest, widest lots available on the market. Rent all the units or live in one and rent out the others. There are 3 apartments in the main house and 2 in the laneway. All units are currently rented to AAA tenants at premium market rent. These units were leased within days of listing, with multiple offers, some above asking. Each unit has its own thermostat and separate meter. ATTENTION INVESTORS: This property is hands-off, worry-free, low maintenance, and generates one of the most competitive cap rates you will find downtown. See financials attached. For details and photos of the houses, see the attached brochure. Renovations done with complete permits and survey, docs attached.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-10-19 | 2021-10-26 | 7 | $2,400 | $2,400 | Leased |
| 2021-09-28 | 2021-10-19 | 21 | $2,500 | - | Terminated |
Extras
Ideal and convenient downtown location with access to public transit right out the door. Steps to Grange Park, OCAD university campus, Chinatown, Kensington Market, and King West.
Property Features
Hospital, Library, Park, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Semi-Detached, 3-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
22' x 142'
Fronting
South
Taxes
$9,567 (2023)
Basement
Apartment, Fin W/O
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Driveway
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 14.01' x 24.02' | Fireplace, Hardwood Floor, Combined W/Dining |
| Kitchen | Main | 7.51' x 11.84' | Centre Island, Hardwood Floor, Stainless Steel Appl |
| Br | Main | 14.01' x 18.34' | Fireplace, Large Closet, Large Window |
| 2nd Br | Main | 8.01' x 17.26' | Closet, Hardwood Floor, Balcony |
| Living | 3rd | 14.99' x 22.34' | Open Concept, Hardwood Floor, Combined W/Dining |
| Kitchen | 3rd | 10.76' x 14.01' | Open Concept, W/O To Terrace, Stainless Steel Appl |
| Br | 2nd | 12.83' x 16.40' | Closet, 4 Pc Ensuite, Window |
| 3rd Br | 2nd | 12.43' x 15.32' | W/I Closet, Hardwood Floor, Bow Window |
| Living | Lower | 17.49' x 19.82' | Open Concept, Hardwood Floor, Combined W/Dining |
| Kitchen | Lower | 11.75' x 17.49' | Open Concept, Walk-Out, Stainless Steel Appl |
| Br | Lower | 8.99' x 12.01' | Closet, Hardwood Floor, Window |
| 2nd Br | Lower | 8.10' x 12.01' | Closet, Hardwood Floor, Window |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
19 Grange Ave is a 8-bedroom 8-bathroom home listed for sale at $3,999,999, which is $2,053,999 (105.5%) higher than the average sold price of $1,946,000 in the last 30 days (April 5 - May 4). During the last 30 days the average sold price for a 8 bedroom home in Downtown Toronto declined by $201,500 (9.4%) compared to the previous 30 day period (March 6 - April 4) and down $1,548,400 (44.3%) from the same time one year ago.Inventory Change
There were 10 8-bedroom homes listed in Downtown Toronto over the last 30 days (April 5 - May 4), which is up 150.0% compared with the previous 30 day period (March 6 - April 4) and up 42.9% compared with the same period last year.Sold Price Above/Below Asking ($)
8-bedroom homes in Downtown Toronto typically sold ($124,000) (6.4%) below asking price over the last 30 days (April 5 - May 4), which represents a $123,500 decrease compared to the previous 30 day period (March 6 - April 4) and ($102,600) less 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 8-bedroom homes in Downtown Toronto over the last 30 days (April 5 - May 4) stood at 20.0%, down from 50.0% over the previous 30 days (March 6 - April 4) and down from 28.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 8-bedroom 8-bathroom home in Downtown Toronto stood at 87 days when successfully sold over the last 30 days (April 5 - May 4), compared to 77 days before being removed from the market upon being suspended or terminated.Listing contracted with Real Broker Ontario Ltd
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