316 SOMERSET Street E, Lower Town - Sandy Hill, ON K1N 6W3
4004 - Sandy Hill, Lower Town - Sandy Hill · Near Blackburn Ave. · View map
About this home
Prime mixed-use asset in sought-after Sandy Hill. Offering four spacious four-bedroom residential units and a ground-floor commercial space, this income-producing property combines strong tenant appeal with the flexibility of multiple revenue streams. Each unit features separate hydro meters, in-suite laundry, stainless steel appliances, air conditioning, and bright contemporary living spaces. Six covered bicycle spaces enhance convenience, while the central location-steps to shops, restaurants, schools, and transit-ensures enduring rental demand and long-term investment potential. Net Income $131,694.36/2025
The home
- Type
- Fourplex
- Style
- 3-Storey
- Square footage
- < 700 sq ft
- Bedrooms
- 12
- Basement bedrooms
- 4
- Bathrooms
- 0
- Basement
- Full, Finished
- Lot size
- 39 x 97 ft
- Faces
- South
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 2
- Total parking
- 2
Taxes & other
- Property taxes
- $22,710/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- TBD
- Cross street
- Blackburn Ave.
- Neighbourhood
- 4004 - Sandy Hill
More
- MLS® number
- X13433890
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The home and its surroundings
- Public Transit
- Park
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
316 SOMERSET Street, Lower Town - Sandy Hill, ON K1N 6W3
4004 - Sandy Hill, Lower Town - Sandy Hill · Near Blackburn Ave.
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Listing history for 316 SOMERSET Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 316 SOMERSET Street E
Answers come straight from this home’s MLS® listing.
How much is 316 SOMERSET Street E listed for, and what would it cost each month?
316 SOMERSET Street E is listed for $2,899,900. With 20% down ($579,980), the mortgage payment would be roughly $11,697 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $13,590 a month, all in. That figure is an illustration, not a quote.
Is 316 SOMERSET Street E freehold or a condo, and is there a monthly fee?
316 SOMERSET Street E is a fourplex in 4004 - Sandy Hill, Lower Town - Sandy Hill. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 316 SOMERSET Street E have?
316 SOMERSET Street E has 12 bedrooms, plus 4 more bedrooms in the basement. The listing gives the style as 3-storey.
Does 316 SOMERSET Street E have a garage and parking?
The listing does not show a garage. The driveway adds 2 spaces. In total the listing counts 2 parking spaces.
Does 316 SOMERSET Street E have a finished basement?
The listing describes the basement as full, finished. It counts 4 bedrooms on that level. Finished basement space is usually not counted in the square footage shown.
What style of home is 316 SOMERSET Street E?
316 SOMERSET Street E is a fourplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 316 SOMERSET Street E, and what is the lot size?
The lot is listed as 39 x 97 ft.
How is 316 SOMERSET Street E heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 316 SOMERSET Street E?
Property taxes are $22,710 a year (2026), or about $1,893 a month.
Where is 316 SOMERSET Street E?
316 SOMERSET Street E is in the 4004 - Sandy Hill community of Lower Town - Sandy Hill. The nearest main intersection is Blackburn Ave.. The postal code is K1N 6W3.
Is 316 SOMERSET Street E still for sale?
Yes. It is an active listing (MLS® X13433890). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 316 SOMERSET Street E asking?
Similar properties for sale nearby right now include 227 BLACKBURN Avenue at $2,599,000 (12+4 bed), 70 Russell Avenue at $2,600,000 (16+5 bed) and 290-292 Daly Avenue at $2,399,999 (12 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 316 SOMERSET Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 316 SOMERSET Street E?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 4004 - Sandy Hill, picked by style, size and price.
Fourplex$2,599,000227 BLACKBURN Avenue, Lower Town - Sandy Hill12+4 bed · 8 bath · 4004 - Sandy HillCourtesy of: EXP REALTYView home →
Fourplex$2,600,00070 Russell Avenue, Lower Town - Sandy Hill16+5 bed · 8 bath · 4004 - Sandy HillCourtesy of: SLEEPWELL REALTY GROUP LTDView home →
Multiplex$2,399,999290-292 Daly Avenue, Lower Town - Sandy Hill12 bed · 7 bath · 4003 - Sandy HillCourtesy of: RE/MAX DELTA REALTY TEAMView home →Courtesy of: EXP REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.