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32 Wells St

Wells StMidtownTorontoON, M5R 1P2

6
Beds
5
Baths
2000
Sq. Ft.
$2,399,000
List Price
32 Wells St, Toronto, ON - 1 of 3
32 Wells St, Toronto, ON - 2 of 3
32 Wells St, Toronto, ON - 3 of 3
36 days on market

Quick Summary

  • Spacious 2,000 sq ft owner-sized unit
  • Conveniently located near 3 subway stations
  • Versatile 3-unit investment property
  • Ample parking with private double driveway
  • Upgraded with fire code updates
  • Projected gross revenue of $128K per year
  • Desirable downtown Toronto neighborhood
  • Turnkey-ready cash generating property

Check Out this Fantastic Opportunity. Well-suited for any lifestyle, this detached corner investment home, facing beautiful greenspace, is ready to welcome you. Located in the heart of the Annex, its just a short walk to three subway stations, Bloor St., Dupont St., bike lanes, & short walking distance to the University of Toronto and... Show More

Check Out this Fantastic Opportunity. Well-suited for any lifestyle, this detached corner investment home, facing beautiful greenspace, is ready to welcome you. Located in the heart of the Annex, its just a short walk to three subway stations, Bloor St., Dupont St., bike lanes, & short walking distance to the University of Toronto and George Brown campuses. There's also direct transit access to York University. This smartly configured property offers 3 self-contained, spacious suites, loads of parking options with private double driveway and attached garage. The owner-sized, 2-level unit boasts over 2,000 square feet, featuring views of the park, with 2-3 bedrooms, 3 bathrooms, and a 200-square-foot private terrace. The second-level 2-bedroom unit has a large open living space with views of tree-lined Brunswick Ave, while the lower-level 2-bedroom unit features high ceilings, loads of space and a full-sized kitchen. With Home Inspection completed, this Turnkey-ready, Cash Generating property with numerous upgrades, including fire code updates such as self-closing doors, and sprinkler system, is ready to go. Whether you're looking for a solid investment or a live-and-rent option, this property offers revenue generating flexibility. With a projected gross revenue of $128K per year, you can capitalize on falling interest rates and/or live in one unit while using rental income to pay down your mortgage faster. This is a rare opportunity to own a versatile property in one of Toronto's most desirable and central downtown neighborhoods. Offers anytime, don't delay. Speak to listing agent about Vacant possession.

Property Details

Size

2,000 sq. ft.
12 total rooms
6 Beds
4 Above Grade - 2 Below Grade
5 Baths

Parking

4 Parking Spaces
Attached

Build

Year Built
-
Model Name
-
Basement
Apartment, Fin W/O
Exterior
Brick, Other
Foundation
-
Builder Name
-
Stories
-
Flooring
Hardwood Floor
Roof
-

Heating & Cooling

Heating
Water
Cooling
Wall Unit

Utilities

Water
-
Sewer
Sewers
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Rooms

Living

21′3″ x 11′1″

Dining

7′4″ x 17′3″

Kitchen

10′11″ x 11′6″

Family

22′4″ x 11′6″

Br

14′2″ x 11′1″

Office

7′10″ x 11′6″

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Ownership Details

Ownership

Title
Freehold
Zoning
-

Taxes

Property Tax Year
2024-01-01
Property Tax Amount
$11,172.81

Source

Listing Brokerage

MLS® Listing
C9398946
Last Updated
November 20, 2024
Brokerage
FREEMAN REAL ESTATE LTD.
Call us 800-591-0566

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