$2,999,999 - 213 Major Street, Downtown Toronto
Multi-Family for Sale in Downtown Toronto
33 days on marketNeighbourhood: University
- MLS Number
- C13223804
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 33
- Bedrooms
- 7
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- RE/MAX PROFESSIONALS INC.
Rarely available turnkey Annex triplex! This detached investment property offers a premium, highly functional suite mix in one of Toronto's most vibrant, high-demand neighborhoods. Perfect for investors or multi-generational living. Each unit has separate gas/hydro meters, ensuite laundry. 2-car parking (laneway). Functional/smart suite mix: Upper Floor: 3-bedroom/1bath unit with private balcony, 9 ft ceiling. Main Floor: 2-bedroom/1 bath unit, 10ft ceilings, a walk-out to a backyard patio. Lower Floor: 2-bedroom/1 bath unit, 8ft ceilings, 2 walk-outs. Every unit is meticulously designed with a functional open-concept kitchen, a four-piece bathroom, gleaming hardwood floors, pot lights, and oversized trim. With upgraded electrical, plumbing, vinyl windows, and instant hot water heaters, this property is truly low-maintenance. Enjoy a premier location with an endless tenant pool: minutes to U of T, Annex shops, dining, the subway, Yorkville, and the University Health Network (UHN). Properties of this caliber with complete separate metering and generous ceiling heights rarely hit the market. A fantastic, opportunity and an absolute must-see!
Estimate your monthly payments for this property
Estimated Payment
$13,270.01/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 University
University 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 University
- •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
University 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.
213 Major Street, Downtown Toronto / Waterfront
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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
Premium Pricing
At $2000/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 33 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Excellent Flexibility
With 7 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.
About University
I know University well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
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 $12,500 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.