641 Bathurst St
University, Downtown Toronto, M5S 2R2
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5 + 1
BEDROOMS3
BATHROOMS2 + 1
KITCHENS10 + 3
ROOMSC8309244
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Property Description
Welcome to 641 Bathurst St - This perfectly located property situated in the heart of Toronto combines extensive mechanical upgrades with significant interior renovations and bonus future laneway home development potential. This is truly a one of a kind property perfect for investors, ideal live & rent option or multi generational home. Your chance to capitalize on the coveted Toronto Real Estate market. Those looking for a live/rent option will love the option to move in and take advantage of high rental income to offset your living costs. Sold with vacant possession! No tenants to Assume allowing you to hand select new tenants and instantly maximize your net income. Impressive monthly rental potential of $10,500 per month!!! Low property expenses due to extensive mechanical & interior renovations. Potential Net income of over $108,000. Laneway parking and future laneway home development can add even more living space and/or future income. Don't Miss Out!
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Extras
Located perfectly in the heart of Toronto, steps to Bloor St, College St, UofT, TTC, Restaurants, Amazing boutique shops & beautiful parks. Choose your tenants or move right in & benefit from rental income to offset living costs!
Nearby Intersections
Bloor & Bathurst (48)
Property Features
Fenced Yard, Hospital, Park, Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Semi-Detached, 2 1/2 Storey
Approximate Sq.Ft.
2000-2500
Lot Size
20' x 125'
Lot Irregularities
*Ca563346; Except The Easement There In
Fronting
East
Taxes
$6,703 (2023)
Basement
Apartment, Sep Entrance
Exterior
Brick, Other
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Window Unit
Water
Municipal
Parking Spaces
2
Driveway
Lane
Garage Type
Other
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Family | Main | 10.99' x 14.99' | Fireplace, Large Window, Renovated |
| Kitchen | Main | 12.66' x 12.99' | Renovated, Tile Floor, W/O To Yard |
| Dining | Main | 12.66' x 12.99' | Tile Floor, O/Looks Backyard, Combined W/Kitchen |
| Br | Main | 12.01' x 13.85' | Bay Window, Renovated, Wainscoting |
| Living | 2nd | 15.16' x 14.99' | Renovated, Picture Window, Fireplace |
| Kitchen | 2nd | 10.76' x 12.24' | Vinyl Floor, Renovated, Large Window |
| Dining | 2nd | 10.76' x 12.24' | Renovated, Vinyl Floor, Combined W/Kitchen |
| Br | 2nd | 11.68' x 12.07' | Large Window, Large Closet, Renovated |
| Br | 3rd | 14.99' x 15.16' | Renovated, Large Closet |
| Br | 3rd | 10.60' x 15.16' | W/O To Deck, Large Closet |
| Kitchen | Lower | 8.83' x 11.42' | Open Concept, Renovated, Large Window |
| Living | Lower | 11.52' x 16.77' | Renovated, Open Concept, Combined W/Br |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
641 Bathurst St is a 5-bedroom 3-bathroom home listed for sale at $1,699,000, which is $1,082,008 (38.9%) lower than the average sold price of $2,781,008 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 5 bedroom home in Downtown Toronto increased by $198,249 (7.7%) compared to the previous 30 day period (March 15 - April 13) and down $154,254 (5.3%) from the same time one year ago.Inventory Change
There were 222 5-bedroom homes listed in Downtown Toronto over the last 30 days (April 14 - May 13), which is up 113.5% compared with the previous 30 day period (March 15 - April 13) and up 52.1% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Downtown Toronto typically sold $39,350 (1.4%) above asking price over the last 30 days (April 14 - May 13), which represents a $41,775 increase compared to the previous 30 day period (March 15 - April 13) and $49,535 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 homes in Downtown Toronto over the last 30 days (April 14 - May 13) stood at 28.4%, down from 51.9% over the previous 30 days (March 15 - April 13) and down from 51.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 3-bathroom home in Downtown Toronto stood at 15 days when successfully sold over the last 30 days (April 14 - May 13), compared to 46 days before being removed from the market upon being suspended or terminated.Listing contracted with Freeman Real Estate Ltd.
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