28 Cecil St
Kensington-Chinatown, Downtown Toronto, M5T 1N3
FOR SALE
$10,888,000
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9 + 9
BEDROOMS9
BATHROOMS3
KITCHENS18
ROOMSC9036906
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Property Description
Unlock the potential of this legal 6-plex, offering the potential opportunity to build an addition over 6,500 sqft and convert to mix use or full commercial property . Perfectly situated steps from U of T, OCAD, Queen's Park, major hospitals, and the TTC, this property provides unmatched access to the U of T main campus, Yorkville, the Bloor/Yonge subway line, and the hospital district. High rental demand and easy management make this an unmissable investment in a vibrant, thriving area. Act now and seize this rare opportunity!
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Nearby Intersections
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Property Details
Street
Community
City
Property Type
Multiplex, 3-Storey
Approximate Sq.Ft.
5000+
Lot Size
64' x 130'
Fronting
North
Taxes
$23,036 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
12
Driveway
Private
Garage Type
None
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
28 Cecil St is a 9-bedroom 9-bathroom home listed for sale at $10,888,000, which is $8,878,000 (441.7%) higher than the average sold price of $2,010,000 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 9 bedroom home in Downtown Toronto declined by $115,000 (5.4%) compared to the previous 30 day period (July 21 - August 19) and down $1,190,000 (37.2%) from the same time one year ago.Inventory Change
There were 6 9-bedroom homes listed in Downtown Toronto over the last 30 days (August 20 - September 18), which is down 14.3% compared with the previous 30 day period (July 21 - August 19) and down 25.0% compared with the same period last year.Sold Price Above/Below Asking ($)
9-bedroom homes in Downtown Toronto typically sold $11,000 (0.5%) above asking price over the last 30 days (August 20 - September 18), which represents a $334,000 increase compared to the previous 30 day period (July 21 - August 19) and ($195,000) 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 9-bedroom homes in Downtown Toronto over the last 30 days (August 20 - September 18) stood at 16.7%, down from 42.9% over the previous 30 days (July 21 - August 19) and up from 12.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 9-bedroom 9-bathroom home in Downtown Toronto stood at 13 days when successfully sold over the last 30 days (August 20 - September 18), compared to 101 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Excel Realty Ltd.
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