Historic Rooming House Flips to High-End Rental

Historic Toronto Rooming House Transformed into Luxury Income Property: A $5.75M Renovation

This podcast episode explores the transformation of a century-old rooming house in Toronto into a modern, high-end income property. The historic building, located at 180 Sherbourne Street, has undergone a $3M renovation and is now listed for $5.75M. The property features 19 modern suites with bachelor and one-bedroom layouts, some with private entrances, and includes stainless steel appliances, LED lighting, on-site laundry, and five parking spots. The location, on a busy corner across from the future Moss Park Station on the Ontario Line, offers better transit links and proximity to the Financial District, universities, and cultural spots. The episode discusses the shift in Torontos housing market, trading affordable rooms for high-end rentals and potentially squeezing out options for those who need them most in the neighborhood.

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