28 Cecil Street

Chinatown, Toronto

28 Cecil Street, Chinatown, Toronto

$10,888,000

Bedrooms: 25

Bathrooms: 14

Living Area: 5,000 sqft

Price Per Sqft: $2,177.60

About this Multiplex

in Chinatown, Toronto

A rare chance to own a prestigious corner freestanding, 3-storey building featuring six self-contained rental units. Ideally located in the centre of downtown. Only two-minute walk to the University of Toronto. Six apartment units. 25 bedrooms, 6 kitchens. 16 parking spots. Coin laundry system for tenants. 6,862 sq ft above grade. Full basement with an opportunity to add additional living space. Just steps from Chinatown, Kensington Market, OCAD University, and Entertainment District. Easy access to public transit and major hospitals. Enjoy unbeatable convenience with restaurants, grocery stores, and cafes just around the corner. A truly prime location offering consistent rental demand and long-term value. Perfect for strong and steady income. Fire code compliant building. Fire escape for each unit. Fire sprinklers in whole building. New owner can build one more 3-storey building at the back. Drawings are available. Zoning permits apartment building, townhouse, short-term rental, etc.

Listed by RE/MAX REAL ESTATE CENTRE INC..

Share
Photo 0 at 28 Cecil Street, Chinatown, Toronto

Photo 0

Photo 1 at 28 Cecil Street, Chinatown, Toronto

Photo 1

Photo 2 at 28 Cecil Street, Chinatown, Toronto

Photo 2

Photo 3 at 28 Cecil Street, Chinatown, Toronto

Photo 3

Photo 4 at 28 Cecil Street, Chinatown, Toronto

Photo 4

Photo 5 at 28 Cecil Street, Chinatown, Toronto

Photo 5

Photo 6 at 28 Cecil Street, Chinatown, Toronto

Photo 6

Photo 7 at 28 Cecil Street, Chinatown, Toronto

Photo 7

Photo 8 at 28 Cecil Street, Chinatown, Toronto

Photo 8

Photo 9 at 28 Cecil Street, Chinatown, Toronto

Photo 9

Photo 10 at 28 Cecil Street, Chinatown, Toronto

Photo 10

Photo 11 at 28 Cecil Street, Chinatown, Toronto

Photo 11

Photo 12 at 28 Cecil Street, Chinatown, Toronto

Photo 12

Photo 13 at 28 Cecil Street, Chinatown, Toronto

Photo 13

Photo 14 at 28 Cecil Street, Chinatown, Toronto

Photo 14

Photo 15 at 28 Cecil Street, Chinatown, Toronto

Photo 15

Photo 16 at 28 Cecil Street, Chinatown, Toronto

Photo 16

Photo 17 at 28 Cecil Street, Chinatown, Toronto

Photo 17

Photo 18 at 28 Cecil Street, Chinatown, Toronto

Photo 18

Photo 19 at 28 Cecil Street, Chinatown, Toronto

Photo 19

Photo 20 at 28 Cecil Street, Chinatown, Toronto

Photo 20

Photo 21 at 28 Cecil Street, Chinatown, Toronto

Photo 21

Photo 22 at 28 Cecil Street, Chinatown, Toronto

Photo 22

Photo 23 at 28 Cecil Street, Chinatown, Toronto

Photo 23

Photo 24 at 28 Cecil Street, Chinatown, Toronto

Photo 24

Photo 25 at 28 Cecil Street, Chinatown, Toronto

Photo 25

Photo 26 at 28 Cecil Street, Chinatown, Toronto

Photo 26

Photo 27 at 28 Cecil Street, Chinatown, Toronto

Photo 27

Photo 28 at 28 Cecil Street, Chinatown, Toronto

Photo 28

Photo 29 at 28 Cecil Street, Chinatown, Toronto

Photo 29

Photo 30 at 28 Cecil Street, Chinatown, Toronto

Photo 30

Photo 31 at 28 Cecil Street, Chinatown, Toronto

Photo 31

Photo 32 at 28 Cecil Street, Chinatown, Toronto

Photo 32

Photo 33 at 28 Cecil Street, Chinatown, Toronto

Photo 33

Photo 34 at 28 Cecil Street, Chinatown, Toronto

Photo 34

Photo 35 at 28 Cecil Street, Chinatown, Toronto

Photo 35

Photo 36 at 28 Cecil Street, Chinatown, Toronto

Photo 36

LAND TRANSFER TAX CALCULATOR

Purchase Price  
First-Time Home Buyer
Ontario Land Transfer Tax
Toronto Land Transfer Tax

Province of Ontario (effective January 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a refund of up to $4,000.

Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers

City of Toronto (effective March 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a rebate of up to $4,475.

Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities

MORTGAGE CALCULATOR

     
Asking Price: Interest Rate (%):
Amortization:  
Percent Down:
Down Payment:
First Mortgage:
CMHC Prem.:
Total Financing:
Monthly P&I:
* This material is for informational purposes only.

Request A Showing Or Find Out More 

Have a question or interested in this property? Send us a message!

inquire