$1,700,000Asking Price
City of Toronto-Licensed Rooming House A very rare chance to own a City of Toronto-licensed rooming house with 14 rooms, 6 bathrooms, and 2 kitchens. Less than 15 minutes by transit to downtown Toronto, and close to all amenities including shopping, schools, hospitals, parks, and major transit routes. Each room offers privacy with shared kitchens and bathrooms for practical living. Strong income potential with a pro forma cap rate of approx. 5.8% if fully rented at $720 per room. Current income is lower due to vacancies. Price is firm. No vendor take back. For More Information About This Listing, More Photos & Appointments, Please Click "View Listing On Realtor Website" Button In The Realtor.Ca Browser Version Or 'Multimedia' Button or brochure On Mobile Device App.
City of Toronto-Licensed Rooming House A very rare chance to own a City of Toronto-licensed rooming house with 14 rooms, 6 bathrooms, and 2 kitchens. Less than 15 minutes by transit to downtown Toronto, and close to all amenities including shopping, schools, hospitals, parks, and major transit routes. Each room offers privacy with shared kitchens and bathrooms for practical living. Strong income potential with a pro forma cap rate of approx. 5.8% if fully rented at $720 per room. Current income is lower due to vacancies. Price is firm. No vendor take back. For More Information About This Listing, More Photos & Appointments, Please Click "View Listing On Realtor Website" Button In The Realtor.Ca Browser Version Or 'Multimedia' Button or brochure On Mobile Device App.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 2 3-Piece Bathrooms | ||||
| 1 3-Piece Bathroom on Ground Floor | ||||
| 1 4-Piece Bathroom on Ground Floor | ||||
| 1 4-Piece Bathroom | ||||
| 1 4-Piece Bathroom | ||||
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Riverside, Toronto is a central Toronto neighbourhood notable for its singles, university grads, executives and business, education, law & public sector and arts & culture professionals. It has a higher than average population of immigrants from China and Vietnam, and Cantonese speakers. Residents tend to be younger with a significant number of babies and adults aged 30 to 54.
Kids Per Family
0.9
kids per family
in the neighbourhood.
51%
of residents are
single and loving it.
51% singles
Toronto (50%)
41%
of residents
are renters.
41% renters
Toronto (47%)
52%
of residents are
university grads.
52% university grads
Toronto (48%)Average Household Income
$134K
is the average household
income in the neighbourhood.
Professions
| Sales | 15% |
| Business | 12% |
| Government | 11% |
| Management | 11% |
| Culture | 9% |
35%
of residents were
born outside of Canada.
35% immigrants
Toronto (48%)9.4% from China
All-time
1.3% from China
Recent
Foreign Languages
| Cantonese | 10% |
| Mandarin | 4% |
| Vietnamese | 3% |
| French | 3% |
| Chinese | 2% |
Religions
| Christian | 35% |
| Buddhist | 10% |
| Muslim | 5% |
| Jewish | 3% |
| Hindu | 1% |
Social Housing Buildings
8
Social housing buildings
in the neighbourhood.
Shelters
3
Homeless shelters in
the neighbourhood.