

39 River Street
Regent Park, Toronto
$2,150,000
Exceptional Development Opportunity in Downtown Toronto! Attention Builders, Developers & Investors - 39 River Street offers a rare opportunity to acquire a prime development site in a rapidly evolving downtown neighbourhood. Situated on an approximately 22' x 116' lot, this property offers outstanding redevelopment potential in a highly desirable location surrounded by significant residential growth and urban revitalization. Previous plans contemplated a purpose-built multi-residential development with 10 units and approximately 7,300 sq. ft. of leasable/sellable area. Conveniently located close to Regent Park, Corktown, the Distillery District, Riverside, downtown amenities, public transit, parks, schools and major routes. An outstanding opportunity for developers and investors looking to capitalize on continued growth in Toronto's downtown east.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 3500-5000 sq. ft. |
| Property Tax | $9,307 |
| Lot Size | 22 ft x 116 ft |
| mls© Number | C13852832 |
| Listed By | JDL REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $11,005
- Property tax
- $776
- Heat allowance
- $150
- Housing costs
- $11,930 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$367,000
gross annual household income
- Payment at 4%
- $9,048 / mo
- Cash down
- $430,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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