30/32 Wells Street, Toronto, ON M5R 1P2, Toronto C02, ON
Bed 6
Bath 5
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.
Property Highlights
For Sale
MLS NO.
C9398946
Type
Residential Freehold
Sub Type
Detached
Bedrooms
6
Bathrooms
5
Parking
4.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Detached
Transaction Type
For Sale
Status
Closed
Contract Status
Unavailable
MLS® Number
C9398946
Total Bedrooms
6
Bedrooms Above Grade
4
Bedrooms Below Grade
2
Total Bathrooms
5
Total Kitchens
3
Kitchens Above Grade
2
Kitchens Below Grade
1
Rooms Above Grade
13
Rooms Below Grade
5
Interior Features
None
Fireplace
Yes
Construction
Brick, Other
Roof
Unknown
Lot Width
28.58
Parking Features
Private Double
Parking Total
4.0
Covered Spaces
2.0
Garage Type
Attached
Pool
None
Direction Facing
North
Cooling
Wall Unit(s)
Heat Source
Gas
Heat Type
Water
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
30/32 Wells Street, Toronto, ON M5R 1P2
City
Toronto C02
Neighbourhood
Annex
County / Region
Toronto
Province / State
ON
Postal Code
M5R 1P2
Cross Street
Spadina & Bloor
List Price
$2,399,000
Annual Taxes
$11,173
Tax Year
2024
Legal Description
PT LT 2-3 BLK C PL 324 NORTH WEST ANNEX AS IN CA493135; CITY OF TORONTO
Possession Details
90 days
Listing Office
FREEMAN REAL ESTATE LTD.
Board
Toronto Regional Real Estate Board
Original Entry
2024-10-16T21:21:52Z
Media Updated
2024-11-08T18:51:57Z
Photos Updated
2024-11-08T18:51:56Z
Last Modified
2024-12-10T16:11:26Z
System Modified
2025-10-11T18:44:59.664538Z
MLS Status
Sold
Architectural Style
2-Storey
Basement
Apartment, Finished with Walk-Out
Ddfyn
Yes
Expiration Date
2024-12-16
Foundation Details
Unknown
Heat Source Multi
Gas
Heat Type Multi
Water
Hstapplication
No
Link Yn
No
Occupant Type
Owner+Tenant
Originating System Id
A00001796
Parcel Number
212280319
Parking Spaces
2
Property Features
Park, Public Transit, School
Public Remarks
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.
