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.
Address
28 Cecil Street
List Price
$10,888,000
MLS® Status
New
Expiration Date
2026-04-24
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
3-Storey
Transaction Type
Sale
Area
Toronto C01
Sub-Area
Kensington-Chinatown
Region
Toronto
Bedrooms
25
Bedrooms (Total)
25
Rooms Above Grade
35
Bathrooms
14
Floor Area
5000 + Sq. Ft.
Lot Depth
130.39
Lot Size Units
Feet
Lot Width
64.2
Parcel Number
212100270
Occupant Type
Tenant
Cross Street
College & Spadina
Approx. Age
100+ Years
MLS® Number
C12815928
Listing Brokerage
RE/MAX REAL ESTATE CENTRE INC.
Basement Area
Finished
Postal Code
M5T 1N3
Posession Details
Tenant
Parking
Private
Parking Places (Total)
16
Parking Spaces
16
Tax Amount
$24,161.00
Tax Year
2025
Interior Features
Other
Central Vacuum
No
Family Room
Yes
Hydro
Available
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
North
Fireplace
No
Foundation Details
Concrete
Garage
No
Garage Type
None
Kitchens Total
6
Kitchens Above Grade
6
Pool Features
None
Roof
Unknown
Tax Legal Description
LT 5 PL 385 TORONTO; PT LT 6 PL 385 TORONTO; PT PRIVATE LANE PL 385 TORONTO AS IN CA778079; CITY OF TORONTO
Waterfront
No
Sewer
Sewer
