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54 RYERSON AVENUE, Toronto (Kensington-Chinatown) — listed at $1. Earn buyer cashback at closing. No catches, just more money in your pocket.
Location! Location! Attention Investors & End Users! Rare Solid Brick Legal Duplex, Proudly Owned & Maintained By The Same Owner For Over 20 Years, Offering Exceptional Income Potential With 7 Bedrooms, 3 Kitchens & A Highly Functional Multi-Level Layout. Separate Walk-Up Basement With Its Own Kitchen & Rare High Ceilings For The Area, Creating Excellent Potential For A Third Living Area & Additional Rental Income. Freshly Painted Throughout With Spacious Bedrooms, High Ceilings & Generous Living Space, Ideal For Investors, Multi-Generational Families Or End Users Looking To Live In One Unit While Generating Income From The Rest. Steps To Parks, Schools, 24-Hr TTC, Chinatown, Shopping, Restaurants & Everyday Amenities. Live In, Rent Out & Maximize The Potential Of This Versatile Downtown Property - A Rare Opportunity With Multiple Income Possibilities In A Prime Location! (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Bedroom 5 | Second level | 2.9 x 2.45 meters |
| Bedroom | Second level | 3.9 x 2.4 meters |
| Kitchen | Basement | 3.7 x 2.8 meters |
| Family room | Ground level | 5.2 x 4 meters |
| Living room | Basement | 5.2 x 4 meters |
| Dining room | Basement | 5.2 x 4 meters |
| Bedroom | Basement | 2.9 x 2.45 meters |
| Kitchen | Ground level | 5.45 x 3.9 meters |
| Dining room | Ground level | 5.45 x 3.9 meters |
| Bedroom | Ground level | 4.1 x 3.15 meters |
| Bedroom 2 | Ground level | 4.1 x 3.15 meters |
| Kitchen | Second level | 3.7 x 2.8 meters |
| Dining room | Second level | 3.7 x 2.8 meters |
| Bedroom 3 | Second level | 3.9 x 2.65 meters |
| Bedroom 4 | Second level | 4.5 x 3.2 meters |
How is the space laid out across floors?+
This is a 2-storey multi-family. The 7 bedrooms and 3 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
How is the home heated? Is it efficient?+
Heating is natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What's the parking situation?+
This property includes 0 spaces — No Garage.
Is there air conditioning?+
Yes — window air conditioner cooling is in place.
Is 54 RYERSON AVENUE a good fit for a growing family?+
With 7 bedrooms and 3 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
Is this a good starter home?+
At $1, this is priced in starter-home territory for Toronto (Kensington-Chinatown). With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
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