156 Sussex Mews, Toronto, ON
Property Highlights
Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of University. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $3,995,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 6 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 71 x 63 ft lot
- Features a apartment, finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available
- Notable attributes: Water Heater
- Efficient baseboard heating via electric
Description
Nestled amongst the splendid Victorian homes of Harbord Village, tucked away on the west side of Sussex Mews, stands this Bohemian oasis. Once an industrial building from bygone era of early 1900s Toronto, this 2 storey brick edifice is now home to 3 private residences and is situated on a spectacular lot. Perfect for the empty nester, the up and comer, or the visionary developer who wants to create a laneway style, one of a kind chic, urban pied-a-terre or a collection of townhomes, 156 Sussex Mews represents a truly unique real estate investment or redevelopment opportunity in one of the most culturally diverse and vibrant areas in central Toronto. The Main Floor suite features 2 bedrooms, 1 bath, and is an airy, loft-like slice of Soho in Toronto with 10 ft + ceilings. Charming upper-level owners' suite features 2 bedrooms, 1 bath, and is a cozy space with a walkout to a private garden. Garden level suite features 1 bedroom and 1 bathroom with a working wood burning fireplace and a private walkout to a patio lounge space. The property also includes a separate stucco structure, as per the survey, previously used as an artist studio with access to the side yard.
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Pricing & Value Insights
Data-driven valuation for 156 Sussex Mews, Toronto C01, ON M5S 2K1
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $3,995,000 in Toronto, the legal minimum down payment is $799,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $86,350 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $86,350 also applies, bringing the total estimated land transfer taxes to $172,700.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
