$3,900,000 - 53 Argyle Street, Downtown Toronto
Multi-Family for Sale in Downtown Toronto
New — Listed yesterday- MLS Number
- C12890230
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 1
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Lot Size
- 2,600 sqft
- Listing Brokerage
- RE/MAX WEST REALTY INC.
A Rare Opportunity in the Heart of the Ossington District. Step inside this 4,500+ sq. ft. architectural treasure, where historic character meets modern luxury. Built in 1933 as a community centre, 53 Argyle Street has been reimagined into a one-of-a-kind residence with commercial + residential zoning - ideal for live/work flexibility or a creative entrepreneurial vision. Located in the Soho of Toronto - Vogue's pick as the World's 2nd Hippest District - you're just steps from Trinity Bellwoods Park, Queen West, Ossington's vibrant café culture, art galleries, and award-winning restaurants. The main floor impresses with open-concept living and dining, a chef's kitchen with granite counters and extra-large fridge, sun-filled atrium and office space. Heated floors and skylights add comfort and light throughout. The second floor features a serene primary suite with walk-in closet, ensuite spa (Roman bath, bidet, sauna), plus three additional bedrooms and a luxe five-piece bath. Upstairs, discover a third-floor retreat - two bedrooms linked by a secret passage that kids will love it, and a copper soaking tub. The finished basement offers 8'5" ceilings, a second kitchen, bathroom, and elevator access - perfect for an artist's studio, guest suite, or private office. Step outside to a private courtyard oasis that you can turn into an entertainer's dream. Additional features include marble and hardwood finishes, central air, alarm system, and a 12,000-watt generator. This property is more than a home - it's a lifestyle, a statement, and an investment in Toronto's most coveted urban playground. Art and furniture available for purchase. Art inventory and Appraisal available upon request.
Estimate your monthly payments for this property
Estimated Payment
$17,251.02/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Downtown Toronto / Waterfront
Downtown Toronto / Waterfront is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Downtown Toronto / Waterfront offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
53 Argyle Street, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 25+ years of GTA real estate experience
Competitive Pricing
At $780/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Larger Home Realities
At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Downtown Toronto.
Bathroom Count Matters
With 5 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $16,250 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.