This property on Bathurst is selling for over $2.3 million (PHOTOS)

Aug 18 2020, 9:51 am

If you take the streetcar or walk down Bathurst street often in the downtown, you’ve definitely passed this house currently up for sale.

For over $2,000,000 you could live in a duplex right at Bathurst Street and College Street.

Now, while the place looks like it needs some decent fixing up, sometimes it’s all about the location.

In the hub of the city, at 508 Bathurst Street, you can live close to restaurants, bars, schools and transit.

Zoocasa, has the property listed at $2,390,000, but sometimes land value is a better investment that the property itself.

“It’s common to see multiplex properties like this listed in Toronto and in general, buyers can probably find much better cash-flowing investment opportunities in the city,” Zoocasa CEO and Broker of Record Lauren Haw told Daily Hive in a written statement.
“This property would likely be of interest to a buyer looking to collect income, while they wait in anticipation that real estate performance in general will raise the value of the land. As such, a buyer for this property would be putting a high probability on the overall value of real estate at Bathurst and College area increasing in the future, with an eye on earning tax-deferred appreciation.”

At 2,851 square feet, this two-and-a-half story building is ready to be bought. With a basement that can be renovated as a separate unit, this nine-bedroom, three-bathroom property will be snatched up quickly.

The basement is ready for renovations but offers a full unit for a potential tenant.

Zoocasa

One of the many bedrooms has lots of natural light and space.

Zoocasa

With another leading to a back deck.

Zoocasa

The living room is spacious with high ceilings.

Zoocasa

And there’s an outdoor balcony with a view of the neighbourhood.

Zoocasa

Here’s what the property looks like from Bathurst Street.

Look familiar?

Zoocasa

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT