8 Sullivan St

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8 Sullivan St, Downtown Toronto
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2 + 2
BEDROOMS
2
BATHROOMS
2
KITCHENS
5 + 4
ROOMS
C3949026
MLSID
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Property Description
Showings Only With Accepted Offer. Great Long Term Investment Property. Legal Duplex Currently Leased For $3,100 Pm. Tenants Pay Utilities. Walking Distance To Univ. Of Toronto, Art Gallery, Financial District, Ocad, Chinatown. Laneway At Rear. Buyer Must Assume Tenants Or Provide Affidavit That Buyer Or Buyer's Immediate Family Members Need Vacant Possession For Own Use. Make Offers Conditional On Inspection/Financing/Lawyer, Etc
Extras
2 Fridges And 2 Stoves, Gas Furnace In "As-Is" Condition
Property Details
Property Type
Duplex, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
16' x 140'
Lot Irregularities
As Per Mpac
Fronting
North
Taxes
$4,554 (2017)
Basement
Unfinished
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Lane
Garage Type
None
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
8 Sullivan St is a 2-bedroom 2-bathroom home listed for sale at $1,180,000, which is $85,496 (7.8%) higher than the average sold price of $1,094,504 in the last 30 days (March 27 - April 25). During the last 30 days the average sold price for a 2 bedroom home in Downtown Toronto declined by $70,212 (6.0%) compared to the previous 30 day period (February 26 - March 26) and down $78,327 (6.7%) from the same time one year ago.
Inventory Change
There were 210 2-bedroom homes listed in Downtown Toronto over the last 30 days (March 27 - April 25), which is up 32.1% compared with the previous 30 day period (February 26 - March 26) and up 28.8% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Downtown Toronto typically sold $84,805 (7.7%) above asking price over the last 30 days (March 27 - April 25), which represents a $3,885 increase compared to the previous 30 day period (February 26 - March 26) and $74,321 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 2-bedroom homes in Downtown Toronto over the last 30 days (March 27 - April 25) stood at 70.5%, up from 63.5% over the previous 30 days (February 26 - March 26) and down from 70.6% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Downtown Toronto stood at 11 days when successfully sold over the last 30 days (March 27 - April 25), compared to 41 days before being removed from the market upon being suspended or terminated.
Listing contracted with Right At Home Realty Inc., Brokerage
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Now with a Vacant Apartment ready for you to Move in or Rent out! This Fully Renovated Duplex in South Riverdale presents a rare investment opportunity. Imagine living in your home and collecting an extra $2,550 per month! Priced such that it cash flows with the current rental income generating over 5% Cap Rate and potentially 6.5% Cap Rate. 2 Eat-In Kitchens, 2 Upgraded Full Baths & 2 Laundries maintenance-free backyard and fully fenced for privacy. Located right in front of TTC stop! 5 min to Pape & Coxwell stations. Beyond the property itself, South Riverdale offers a vibrant diverse community, an array of local amenities, including trendy cafes, Leslieville restaurant row, boutique shops, and green spaces like Greenwood & Monarch Park. Minutes to Leslieville Public School, Riverdale High School & other highly rated schools. 9 min to Riverdale Farm for Family fun & a high walk score of 87! Don't miss this opportunity!
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