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For saleMLS® C14116726

55 Wales Avenue, Toronto, ON M5T 1J3

Kensington-Chinatown · C01 · M5T 1J3

$1,690,000

$1,127 / sq ft

1 weeks on market

Bedrooms
6+3
Bathrooms
4
Interior
1,500 sf
Parking
2
Lot
16.67 × 140 ft

What's special

  • Detached garage
  • Central air
  • Finished basement
  • Fireplace

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About this property

A Rarely Offered Legal Triplex Townhome in a Prime Downtown Location of Toronto! An exceptional opportunity for investors seeking strong income potential, with the possibility of adding a laneway suite (subject to municipal approvals) for even greater value. Whether you're an investor looking to maximize rental income or an end user envisioning a spacious single-family home, this versatile property offers outstanding potential. Tucked away in a desirable, friendly neighbourhood near Kensington Market, this home is just steps from TTC, the University of Toronto, Toronto Western Hospital, Chinatown, local schools, vibrant markets, specialty shops, cafés, community centres, parks, and much more. Experience the best of downtown living in one of Toronto's most walkable neighbourhoods, with everyday conveniences and city attractions right at your doorstep!

Rooms

11 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
BedroomMain5.08 × 3.45 m16.7 × 11.3 ftHardwood Floor · Window · Fireplace
BedroomMain4.00 × 3.07 m13.1 × 10.1 ftHardwood Floor · Window
BedroomMain4.03 × 3.20 m13.2 × 10.5 ftHardwood Floor · Window · Closet
KitchenMain4.00 × 3.07 m13.1 × 10.1 ftCeramic Floor · Window
BedroomSecond4.70 × 4.70 m15.4 × 15.4 ftHardwood Floor · Window · Closet
BedroomSecond4.00 × 3.05 m13.1 × 10.0 ftHardwood Floor · Window
BedroomSecond4.00 × 3.22 m13.1 × 10.6 ftHardwood Floor · Window
KitchenSecond4.50 × 3.20 m14.8 × 10.5 ftCeramic Floor · Window
BedroomBasement3.30 × 2.28 m10.8 × 7.5 ftLaminate · Closet
BedroomBasement3.30 × 2.77 m10.8 × 9.1 ftLaminate · Closet
KitchenBasement6.10 × 3.30 m20.0 × 10.8 ft—

Features

  • None

Property details

Property

Property type
multiplex
Bedrooms
6 + 3
Bathrooms
4
Interior size
1,500 sq ft
Lot size
16.67 × 140 ft
Possession
60-89 days

Interior

Basement
Finished
Heating
Forced Air · Gas
Cooling
Central Air
Fireplaces
1
Exposure
South

Exterior & services

Construction
Brick
Garage
Detached
Parking spaces
2
Sewer
Sewer

Costs

List price
$1,690,000
Property taxes
$7,217 / year (2025)
Price per sq ft
$1,127
Rental items
HWT

Listing

MLS® number
C14116726
Status
For sale
Listed
October 26, 2026
Days on market
10
Last updated
October 26, 2026
Listing brokerage
RIGHT AT HOME REALTY

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 46% of comparable multiplex listings in Toronto are asking less.

$977KMedian $1.75M$2.98M
This home
$1,127 / sq ft
Comparable median
$820 / sq ft

Based on 95 comparable active multiplex listings in Toronto. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $338,000
$338,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$7,475.44
Property tax (est.)
$601.42
Estimated monthly
$8,077

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$30,275
Toronto municipal
$30,275
Total due on closing
$60,550

An estimate on the asking price of $1,690,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RIGHT AT HOME REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$1,690,000

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