Sutton Group Realty Systems Inc. Brokerage . 416-896-3333 . 905-896-3333

 THE SELBY

Cityzen Development, Fernbrook Homes,and Diamondcorp have come together to build what is going to be an iconic condo in Downtown Toronto. 

About The Location: The Selby condo will be an extension of what is currently the Clarion Hotel & Suites. The heritage building once housed Ernest Hemingway and his wife in the early 1900s.

592 Selby St is located just south of Bloor and Sherbourne, this is a perfect opportunity for investors and for those who want to live in the city. Walking distance Sherbourne subway station, close to  Financial District, Yorkville, great shopping areas, grocery store, parks, U of T, easy access to DVP.

About The Selby: Walk Score 97/100. 49 Storey, red exterior building. Amenities will include: Pool, BBQ, Security, Fitness Room, Party Room, Lounge, and Guest Suites.

About Investment Opportunities: 

In 2014 the average rent for a 1 Bedroom unit was $1550/month, while the average rent for a 1+Den unit was $1717/month. There were 2.5 times more 2 bedroom rental transactions than 1 bedroom and 1+den. This is due to the high home prices in Downtown Toronto, most family are now renting or buying multi-bedroom condos instead of buying detaches and semis. New immigrants and first time home buyers tend to rent prior to purchasing their first property. The average rent for a 2 Bedroom was $2395/month.
 

 


Approx Return on Investment with The Selby


This is a estimate based on estimated purchase price and 20% deposit.

Studio - 330 Sq Ft
This is a estimate based on estimated purchase price and 20% deposit.
1 Bedroom - 518 Sq FT

1 Bedroom - 523 Sq Ft

1 Bedroom - 523 Sq Ft
Different Layout
1 Bedroom - 578 Sq Ft

1+Den - 578 Sq Ft

1+Den - 584 Sq Ft

2 Bedroom - 786 Sq Ft

2 Bedroom - 789 Sq Ft

2 Bedroom - 763 Sq Ft

3 Bedroom - 884 Sq Ft

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