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66-66A-68 Pembroke Street, Toronto, ON M5A 2N8

Investment
$4,600,000

66, 66A & 68 Pembroke Street | A Very Rare Downtown Toronto Asset. Legally licensed and fully operational multi-residential accommodation property comprising three connected buildings, one single deed, and 39 income-producing accommodations. A rare, turn-key, high-density downtown Toronto portfolio of exceptional scale-an opportunity of this nature has not been offered in over 30 years. Steps from Yonge & Dundas, this strongly tenanted complex delivers immediate cash flow from a stable, low-turnover base of university students and young professionals. Select accommodations feature private 4-piece bathrooms, while some rooms include a dedicated in-suite hot-and-cold-water sink. Shared kitchens and washrooms serve the remaining accommodations. An on-site live-in housekeeper supports the day-to-day operation, tenant comfort, and orderly management of the property. Additional highlights include parking for three vehicles at the rear, exceptional access to transit and major universities, and a substantial downtown land holding in one of Toronto's most coveted locations-offering significant long-term appreciation and future redevelopment potential.

MLS number
C13598902
Type
Investment
Status
Active
Bedrooms
Bathrooms
Postal code
M5A 2N8
Photos
22
Property tax
$13,903 / year
52days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Approximate — placed from the postal code, which can cover a block or more.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries are not shown for this listingWe could only place this address to its postal code, which can cover a block or more, and school boundaries often run down the middle of a street. Naming a school boundary from a position that loose would be a guess about a school, so we don’t. Use the board’s own address lookup for this one.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
École élémentaire Gabrielle-Roy
CS Viamonde
Elementary340 m8.5 / 10
85% met the standard
Collège français secondaire
CS Viamonde
Secondary472 m9.3 / 10
93% met the standard · 2 of 6 measures
Collège français élémentaire
CS Viamonde
Elementary469 mNot reported
St Michael's Choir (Jr) School
Toronto CDSB
Elementary588 m9.8 / 10
98% met the standard
St Michael's Choir (Sr) School
Toronto CDSB
Secondary614 m9.8 / 10
98% met the standard · 2 of 6 measures
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 629 people.

$31,200Median household income
4.8%Own their home
1.5%Detached houses
47.2Median age
36.6%Born outside Canada
40.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35202849 — the few blocks around this address, home to 629 people. It describes the area, not this property.

629Population
46.3Average age
1.4Household size
$54,000Average household income
$31,200Median household income
5%Own their home
95%Rent
0%Condominiums
37%Born outside Canada
40%University degree
$1,800,000Average home value
38%Low income
75%Not in the labour force
66%Never married
Under $5,0004%
$5,000 to $9,9994%
$10,000 to $14,99911%
$15,000 to $19,9998%
$20,000 to $24,9997%
$25,000 to $29,99910%
$30,000 to $34,9996%
$35,000 to $39,9997%
$40,000 to $44,9998%
$45,000 to $49,9993%
$50,000 to $59,9994%
$60,000 to $69,9996%
$70,000 to $79,9994%
$80,000 to $89,9993%
$90,000 to $99,9991%
$100,000 and over7%
$100,000 to $124,9993%
$125,000 to $149,9991%
$150,000 to $199,9991%

Percentages are of the 355 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$920,000 · minimum here is $920,000
$20,367.80per month
Borrowed before insurance$3,680,000
Total borrowed$3,680,000
Interest over 25 years at 4.5%$2,430,341

If you rented it out

-$21,526.39per month out of pocket
Rent$0.00
Everything it costs to hold$21,526.39
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

What’s being built nearby

Planning applications within 500 m — 8 still in progress.

319 GEORGE ST216 m
Under Review · applied October 15, 2025

Lift the Hold application related to a new 10-storey building, containing 80 emergency shelter beds, 100 transitional shelter beds, 124 long-term care beds, 70 supportive housing units, and a 2,269 square metre community hub.…

City planning file →
213 GERRARD ST E170 m
Under Review · applied July 4, 2025

Site Plan Approval for a 10-storey mixed use building with 60 purpose-built rental units and commercial uses at grade.

City planning file →
295 JARVIS ST323 m
Under Review · applied November 15, 2022

Proposal to facilitate the redevelopment of the site with a 60-storey residential building with a 9-storey podium along Jarvis Street. Overall, the proposal consists of a total of 44,530 square metres of gross floor area.…

City planning file →
214 SHERBOURNE ST484 m
Under Review · applied September 16, 2022

Site Plan Control application to construct a 47-storey tower with a 6-storey prodium containing 66 parking spaces in two levels of below grade parking, 619 dwelling units and a total gross floor area of 41,195.99 square metres, including 481 square metres of c…

City planning file →
241 DUNDAS ST E406 m
Under Review · applied March 18, 2022

Site Plan Approval application to facilitate the redevelopment of the site for a 49-storey mixed-use building having a non-residential gross floor area of 198.40 square metres, and a residential gross floor area of 41,363.20 square metres.…

City planning file →
241 DUNDAS ST E406 m
Council Approved · applied March 18, 2022

Revised Official Plan Amendment and Zoning By-law Amendment application has been submitted to permit a 52-storey mixed-use building containing 630 dwelling units, 149 square metres of retail GFA and 36,600 square metres of residential GFA,.…

City planning file →
410 SHERBOURNE ST369 m
Under Review · applied November 8, 2021

*** Proposed Draft Plan of Condominium for a 39-storey mixed-use building containing 456 residential units.

City planning file →
410 SHERBOURNE ST369 m
Under Review · applied November 7, 2021

Site Plan Approval Application for a 42-storey mixed-use building having a non-residential gross floor area of 240 square metres and a residential gross floor area of 31,273 square metres.

City planning file →
What these are

These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.

Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.

Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.

Listed by TIMES REALTY GROUP INC.. Listing data provided by the Toronto Regional Real Estate Board.