$1,499,000 - 502 Jane Street, Bloor West Village
Multi-Family for Sale in Bloor West Village
31 days on marketNeighbourhood: Runnymede-Bloor West Village
- MLS Number
- W13601448
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 31
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Bloor West Village / Swansea
- Listing Brokerage
- RE/MAX PROFESSIONALS INC.
Welcome to this well maintained legal duplex offering an excellent opportunity for homeowners, investors, or multi generational families. This two storey property features two spacious self contained 2-bedroom units, each with its own private entrance, separate basement, laundry, and outdoor living space, providing privacy and flexibility for both owners and tenants.Whether you choose to live in one unit while generating rental income from the other, or rent both units as an investment, this property offers exceptional versatility. Situated on a generous lot with plenty of private rear parking and a newer roof, it is a rare opportunity in one of Toronto's desirable west end neighbourhoods.Ideally located along Jane Street, the home has easy access to Bloor West Village, Baby Point, The Junction, and High Park. Walk to shops, restaurants, cafés, parks, schools, and everyday amenities, with TTC at your doorstep and convenient access to major highways and downtown Toronto. Combining income potential, functionality, and an unbeatable location, this is a fantastic opportunity for both end users and investors alike.
Estimate your monthly payments for this property
Estimated Payment
$6,630.58/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 Runnymede-Bloor West Village
Runnymede-Bloor West Village 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 Runnymede-Bloor West Village
- •Convenient location in Bloor West Village / Swansea
- •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
Runnymede-Bloor West Village 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.
502 Jane Street, Bloor West Village / Swansea
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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
Competitive Pricing
At $750/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 31 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 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 Bloor West Village.
About Runnymede-Bloor West Village
I know Runnymede-Bloor West Village 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: Bloor West Village properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $6,246 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.