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Real Estate News

House of the Week: $2.5 million for a five-apartment mansion in Moss Park

By Fraser Abe
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The house for sale at 81 Pembroke Street

Address: 81 Pembroke Street
Neighbourhood: Moss Park Agent: Nazir D. Shivji, Century 21 Percy Fulton Ltd. Price: $2,480,000

The place: A five-plex, located between Dundas Street East and Allan Gardens, with a wrought iron fence and an antique look.

The history: Originally built in the 1860s, the home has undergone extensive renovations over the years—most recently in 2013, when the owners waterproofed the basement. Each unit has a fireplace, and the uppermost one has a spacious rooftop deck.

Big selling point: The two-bedroom main-floor apartment, which has two marble fireplaces, 11-foot ceilings, three exits, two bathrooms, granite countertops, stainless steel appliances and hardwood floors, would make for a luxurious owner’s suite.

Possible deal breaker: Though the estimated $104,840 in yearly rental income is nothing to scoff at, taking on the responsibility of renting to four or five sets of tenants may be too much for the average homebuyer to handle.

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By the numbers:

• $2,480,000 • $8,018 (2015 taxes) • 6 bedrooms • 6 bathrooms • 6 fireplaces • 5 apartments • 3 parking spaces

House of the Week: $2.5 million for a five-apartment mansion in Moss Park

The house is about 150 years old. Inside, it has been split into five separate units.

House of the Week: $2.5 million for a five-apartment mansion in Moss Park

Here’s the entryway.

House of the Week: $2.5 million for a five-apartment mansion in Moss Park

One unit is a spacious owner’s suite. Whoever decorated this place has quite an eye.

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House of the Week: $2.5 million for a five-apartment mansion in Moss Park

You’ve got to admire the maximalist interior design, here.

House of the Week: $2.5 million for a five-apartment mansion in Moss Park

Here’s the kitchen.

House of the Week: $2.5 million for a five-apartment mansion in Moss Park

And the dining area, complete with candelabras.

House of the Week: $2.5 million for a five-apartment mansion in Moss Park

A chaise longue in the den.

House of the Week: $2.5 million for a five-apartment mansion in Moss Park

And the owner’s suite’s bathroom.

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House of the Week: $2.5 million for a five-apartment mansion in Moss Park

And the bedroom.

House of the Week: $2.5 million for a five-apartment mansion in Moss Park

Here’s one of the four other units.

House of the Week: $2.5 million for a five-apartment mansion in Moss Park

A view of the kitchen.

House of the Week: $2.5 million for a five-apartment mansion in Moss Park

And the bedroom.

House of the Week: $2.5 million for a five-apartment mansion in Moss Park

And here’s another unit. Take a look at that fireplace.

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House of the Week: $2.5 million for a five-apartment mansion in Moss Park

Another spotless kitchen.

House of the Week: $2.5 million for a five-apartment mansion in Moss Park

And another bedroom.

House of the Week: $2.5 million for a five-apartment mansion in Moss Park

The buyer may have to fight the urge to dump a bucket of rubber balls down here.

House of the Week: $2.5 million for a five-apartment mansion in Moss Park

Here’s the attic apartment. Can you believe this is the first Ikea furniture we’ve seen so far?

House of the Week: $2.5 million for a five-apartment mansion in Moss Park

The kitchen.

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House of the Week: $2.5 million for a five-apartment mansion in Moss Park

And the living room, with another fireplace.

House of the Week: $2.5 million for a five-apartment mansion in Moss Park

The attic unit has access to this rooftop deck.

House of the Week: $2.5 million for a five-apartment mansion in Moss Park

These fire escapes double as balconies.

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