This old Toronto coach house is now a swanky $3.4 million home
Turns out "former funeral home" is a tough sell, despite how cool this house looks.
154 Shuter Street, also known as Rosar Coach House, has been on and off the market since we first wrote about the home in 2021.
Back then, it was listed for just under $4.3 million but didn't sell after over 70 days on the market.
It was re-listed earlier this year for $3.8 million but after three months on the market, it dropped it's price to $3.75 million and stayed on the market for another two months without selling.
Now, it's back on the market for an asking price of $3,399,000, which is a $1 million price adjustment since its debut in 2021.
But it might not just be the fact that this building was at one time a funeral home that's keeping this beauty on the market – it's also a multiplex, which are usually harder to sell than single-family homes.
Realtor Leonard Fridman, who specializes in multiplex properties, told blogTO that 154 Shuter St. boasts four unique loft spaces.
So not only does this historical coach house offer a unique living experience, but also has income-generating potential.
According to the financials Fridman shared, the building has the potential of making a gross annual income of $182,400.
And it's not hard to see why.
Each loft is overflowing with character, tales of the past, and undeniable allure.
Things you'll find here include exposed brick and beams, industrial aesthetics, soaring ceilings, and large open spaces.
There's nothing you can't do with these spaces.
And even if renting out the units isn't your deal, the units could easily be used for multi-generational living, co-ownership, or creating the perfect live and work space.
It definitely is the perfect space for someone, but it might be a little while longer until this 4,000-square-foot dream home is snapped up.
Birdhouse Media
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