40 River Street, Toronto, ON

$1,589,000
MLS#:C12865050
4 beds
2 baths
2500-3000 sqft
2.0 parking
Residential Freehold
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 2 1/2 Storey semi-detached located in the coveted neighborhood of Regent Park. Expertly crafted featuring premium brick and stone construction, this residence presents an exceptional opportunity offered at $1,589,000 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.

  • 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 2500-3000 sqft on a premium 20.17 x 163.6 ft lot
  • Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available
  • Notable attributes: None
  • Efficient water heating via gas

Description

Welcome to this sun filled, brick and stone home built in 1890, offering generous living space throughout. The home has been freshly painted, and some original features are still intact. It is being offered for sale for the first time since 1983. The main floor features 9 feet 10 inch high ceilings. The principal rooms are very spacious and feature crown moulding in the living and dining rooms, a fireplace in the living room, and hardwood flooring throughout most of the home. The second floor features 8 feet 10 inch high ceilings, and the third floor features 8 foot high ceilings. A service staircase provides additional access from the main floor kitchen to the second floor. The home is currently set up as two self contained apartments, but it can easily be converted into a single family dwelling with relatively minor changes. It can also be used as is, with a new owner occupying the spacious second and third floor apartment and renting out the main and basement apartment to assist with carrying costs, subject to any required municipal approvals. Parking for two cars is located at the rear of the property, and the home is conveniently located steps to public transportation and close to the Don Valley Parkway and the Gardiner Expressway. It is also near Riverdale Park, the Don Valley trails, the Distillery District, schools, shops, and everyday amenities. This is a well built home with long term potential. It is a property any new owner would be proud to call their own for years to come.

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Key Features

Bedrooms
4
Bathrooms
2
Kitchens
2
Living Area
2500-3000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMay 25, 2026
Sold price information is available to members only
Listed Date3/10/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeSemi-Detached
Architectural Style2 1/2 Storey
ConstructionBrick, Stone
BasementFull
Lot Size20.17 × 163.6 Feet
CountyToronto
Annual Tax$8,242.17
Legal DescriptionLT 7 PL 252E TORONTO; PT BLK A PL 252E TORONTO AS IN CT617742 EXCEPT EASEMENT THEREIN; CITY OF TORONTO

Parking & Garage

Parking Spaces2.0
Garage Spaces2
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeWater
CoolingNone

Features

Property Features

Public Transit, School

Interior Features

None

Security Features

Community Features

Location

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40 River Street, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 40 River Street, Toronto C08, ON M5A 3N9

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$317,800 (20.0%)
* Minimum Canadian down payment required for this price is $317,800.
Amortization Period25 Years
Estimated Monthly Payment$7,575Based on a loan of $1,271,200 over 25 years.
Purchase Price$1,589,000
Loan Amount$1,271,200
Provincial Land Transfer Tax:$28,255
Toronto Municipal Land Transfer Tax:$28,255
Total Estimated Closing Taxes:$56,510

About Purchasing a Home in Toronto, ON

For a property listed at $1,589,000 in Toronto, the legal minimum down payment is $317,800 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 $28,255 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $28,255 also applies, bringing the total estimated land transfer taxes to $56,510.

Nearby Listings

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No current listings found in Toronto.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Regent Park, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$737,959

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

Nelson Mandela Park
Public440 Shuter Street, Toronto, Ontario, M5A 1X6
1.6
Sprucecourt
Public70 Spruce Street, Toronto, Ontario, M5A 2J1
4.6
Lord Dufferin
Public350 Parliament Street, Toronto, Ontario, M5A 2Z7
3.3
St Luke
Public353 Sherbourne Street, Toronto, Ontario, M5A 2S3
5.4
Gabrielle-Roy
Public14 Pembroke Street, Toronto, Ontario, M5A 2N7
8.9

Secondary Schools

Collège Français
Public100 Carlton Street, Toronto, Ontario, M5B 1M3
9.0
Jarvis
Public495 Jarvis Street, Toronto, Ontario, M4Y 2G8
4.1
Rosedale Heights-Arts
Public711 Bloor Street East, Toronto, Ontario, M4W 1J4
8.0

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.