37 Mutual St
Church-Yonge Corridor, Downtown Toronto, M5B 2A7
FOR SALE
$2,498,000
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5 + 1
BEDROOMS5
BATHROOMS4 + 2
KITCHENS10 + 1
ROOMSC10874984
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Property Description
LOCATION, LOCATION, LOCATION! This Three-Storey Heritage End-Unit Townhouse Is A Rare Gem In The Sought-After Queen and Mutual Area Of Toronto's Vibrant Yonge-Church Corridor Neighborhood. Perfectly Positioned Within Walking Distance Of Toronto Metropolitan University (Ryerson) And George Brown College. Currently Fully Tenanted in 6 units Including The Basement Unit. The Property Offers Immediate Rental Income But Can Also Be Sold Vacant. Whether You Maintain It As A Rental, Convert It Into Your Personal Residence, Or Explore Other Creative Uses Such As Boutique Hotel, The Possibilities Are Endless. For Those Envisioning A Personalized Touch, Drawings Are Available To Help Transform The Property Into Your Dream Residential Home, Perfectly Tailored To Your Vision. Strategically Located In The HEART OF DOWNTOWN With A 99 WALK SCORE And 100 TRANSIT SCORE, Trendy Restaurants, Boutique Shops, And All The Amenities That Downtown Toronto Has To Offer. This Is A Once-In-A-Lifetime Opportunity To Own A Historic Property With Income Or Create Your Custom Dream Home In A Prime Downtown Location. The Seller Is Willing To Offer A Vendor Take Back VTB Mortgage At An Agreed Price.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-06-01 | 2021-09-01 | 92 | $900 | - | Expired |
| 2018-12-05 | 2018-12-09 | 4 | $1,500,000 | - | Terminated |
Extras
Legal Set Up As 4 Units Currently Operating As 6 Units. Fully Rented. Great Tenants, However Vacant Possession Is Available.
Nearby Intersections
Jarvis & Dundas (124)
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Property Details
Street
Community
City
Property Type
Att/Row/Townhouse, 3-Storey
Lot Size
16' x 104'
Lot Irregularities
16.10 ft x 104.07 ft x 16.56 ft x 101.52
Fronting
East
Taxes
$7,460 (2024)
Basement
Finished, Walk-Up
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Other
Water
Municipal
Parking Spaces
2
Driveway
Lane
Garage Type
None
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
37 Mutual St is a 5-bedroom 5-bathroom townhome listed for sale at $2,498,000, which is $1,159,667 (86.7%) higher than the average sold price of $1,338,333 in the last 30 days (November 18 - December 17). During the last 30 days the average sold price for a 5 bedroom townhome in Downtown Toronto increased by $100,833 (8.1%) compared to the previous 30 day period (October 19 - November 17) and up $288,333 (27.5%) from the same time one year ago.Inventory Change
There were 4 5-bedroom townhomes listed in Downtown Toronto over the last 30 days (November 18 - December 17), which is down 20.0% compared with the previous 30 day period (October 19 - November 17) and up 300.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom townhomes in Downtown Toronto typically sold ($107,596) (8.0%) below asking price over the last 30 days (November 18 - December 17), which represents a $66,847 decrease compared to the previous 30 day period (October 19 - November 17) and ($89,000) 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 5-bedroom townhomes in Downtown Toronto over the last 30 days (November 18 - December 17) stood at 75.0%, down from 80.0% over the previous 30 days (October 19 - November 17) and down from 200.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 5-bathroom townhome in Downtown Toronto stood at 46 days when successfully sold over the last 30 days (November 18 - December 17), compared to 108 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark First Group Realty Ltd.
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