$1,498,000 - 157 Argyle Street, Downtown Toronto
Townhouse for Sale in Downtown Toronto
158 days on market- MLS Number
- C12522762
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 158
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- KELLER WILLIAMS CO-ELEVATION REALTY
Value - in this economy? Absolutely! It may be unassuming at first glance, but this multiplex packs a punch with 3 income generating units. With over $93k in gross rental income, this property delivers cash flow and loads of upside. An unused parking space off the rear laneway? Rent it and get that extra income! The home details: The top floor unit is a 1 bedroom beauty - super high ceilings, bright windows in every room. The main floor apartment is a show stopper - 2 large bedrooms, and again with the ceiling height! Storage galore, beautiful kitchen cabinetry and a large glass door shower in the bathroom. (Did we mention a massive entry closet). Unit 1 (basement) Is another 2 bedroom apartment and comes fully furnished! Stylish decor, right down to a fully stocked kitchen which is all included in the sale price and attracts high rent and quality tenants. The location with that Little Portugal "je ne sais quoi" attracts A+ tenants and low to NO vacancy. We are talking about walking to Ossington or Queen Street West in minutes, but tucked away on a safe + quiet and charming street. Live your dream of living in the #1 neighbourhood in Toronto, or just collect those rent checks. Home is professionally managed - exterior waterproofing and sump pump are already done and the home waterline upgraded for optimal water flow. 200 AMP panel. Seriously checks. all. the. boxes. Reach out for full financials!
Estimate your monthly payments for this property
Estimated Payment
$6,626.16/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Downtown Toronto / Waterfront
Downtown Toronto / Waterfront is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Downtown Toronto / Waterfront offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
157 Argyle Street, Downtown Toronto / Waterfront
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $999/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 158 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Downtown Toronto have shown strong appreciation as families seek more space.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Downtown Toronto.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $6,242 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.