Central Toronto Income Property Sales Statistics 2019

Residential Income Property Prices continue to rise in Toronto

Last year continued to be a great year for sellers of residential investment properties. Triplexes and multiplexes in the Toronto core would often see multiple offers with sale prices well above the asking. It was not uncommon to see properties with cap rates under 4% sell on a regular basis.

Here is a breakdown of income property sales in 5 key areas of the city*:

(Note how the average sale price for downtown and the west side are almost identical.)

C01 – Downtown Toronto

# of sales: 38
Average Sale Price: $1,648,068
Highest Sale in the area: $3,175,00 (triplex on Palmerston)

C02, C03, C04 – Central & Midtown Toronto

# of sales: 51
Average Sale Price: $1,876,778
Highest Sale in the area: $4,921,00 (seven-plex on Madison)

C08, C09, C10 – Cabbagetown, Rosedale, Lawrence Park

# of sales: 15
Average Sale Price: $2,070,407
Highest Sale in the area: $4,975,000 (fourplex on Crescent)

E01, E02, E03 – Riverdale, Leslieville, Danforth

# of sales: 29
Average Sale Price: $1,417,469
Highest Sale in the area: $2,540,00 (fourplex on Hammersmith)

W01, W02 – High Park, Bloor West

# of sales: 63
Average Sale Price: $1,674,016
Highest Sale in the area: $3,200,000 (sixplex on Queen St. West)
* based on MLS statistics of properties with 3 or more kitchens from Jan. to Dec. 2019
* does not include duplexes or houses with basement apartments

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