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Stuart McKerrow pic stuart.mckerrow@gmail.com Sutton Group - Associates Realty Inc., Brokerage Independently owned and operated. pic 358 Davenport Road, Toronto, Ontario M5R 1K6 pic Office: 416-966-0300 | Fax: 416-966-0080 | Cell: 416-856-6810

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$1,400,000
Available - For Sale
Listing ID: C12152177
Talk about pride of ownership, this one scores high across all categories. First, you'll fall in love with the gorgeous victorian townhouse curb appeal. Next, it makes great money sense, as you're pulling in approximately $90,000 in NET income. Tenant quality is also fantastic as it's a true downtown 4plex with all units above ground attracting professional applicants. Detached garage parking off the laneway clears the path for your potential 1250 square foot LANEWAY HOUSE that you could rent out for well over $3,000. Finally, Trinity Bellwoods is arguably Toronto's most vibrant neighbourhood, so you've definitely taken care of location, location, location. I would say overall, the property condition could use some improvements. But there have been plenty of renovations. Full gut reno of third floor unit and front unit on the second floor, kitchens, bathroom, flooring etc. Some updates on the second floor rear unit. The main floor tenant has been there a while, so not much there. The basement could use finishing to maximize rental potential. The electrical is copper, but updating to a 200 amp system is worth it, furnace, roof and A/C are mid life and the garage is original construction. So, it wouldn't take you much to make this into a 9 out of 10, as nothing is perfect:) Recent 2025 improvements to the common areas including new front porch. You can find the full list pf features and improvements attached. It would require a hefty down payment of 20% plus closing fees and land transfer tax, but you could move in yourself to the large two bedroom, main floor unit with a massive backyard and garage parking. After paying your mortgage, property tax and utilities and subtracting for your rental income from the other three units, you could be living, all in, for less than $1,500 per month. This property has mass appeal in Seller markets, so take this opportunity to reward yourself with a savvy investment decision that checks all the boxes.
Price $1,400,000
Taxes: $8,182.9
Assessment Year: 2024
Occupancy by: Tenant
Address: 50 Grove Aven , Toronto, M6J 3B6, Toronto
Directions/Cross Streets: Ossington and Dundas
Rooms: 14
Bedrooms: 6
Bedrooms +: 0
Washrooms: 4
Family Room: F
Basement: Unfinished
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Second
Washroom 3:  3 Second
Washroom 4:  3 Third
Washroom 5:  0
Washroom 6:  4 Main
Washroom 7:  4 Second
Washroom 8:  3 Second
Washroom 9:  3 Third
Washroom 10:  0
Property Type: Att/Row/Townhouse
Style: 3-Storey
Exterior: Brick Front
Garage Type: Detached
Drive Parking Spaces: 0
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 2500-3000
Property Features: Park
Place Of Worship
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Utilities-Hydro: Y
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ROYAL LEPAGE ESTATE REALTY

50 Grove Aven , Toronto, M6J 3B6, Toronto

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Stuart McKerrow
Sales Representative
Dir:
416-856-6810
Bus:
416-966-0300
Fax:
416-966-0080

 
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Type: Freehold - Att/Row/Townhouse
Area: Toronto
Municipality: Toronto C01
Neighbourhood: Trinity-Bellwoods
Style: 3-Storey
Lot Size: x 144.75(Feet)
Approximate Age: 100+
Tax: $8,182.9
Maintenance Fee: $0
Beds: 6
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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