Property Description

This semi-detached, three-unit home in the heart of Christie Pits is an excellent investment, option for multi-generational living or ideal live-in/rent-out solution. When you add the potential to build an 890-sq-ft laneway house (see Report), there are many possibilities. Transformed from single-family to duplex with permits in 2019, creating 2 brand new 2-bedroom units with sound-proofing, insulation, and new windows. Further improvements since then include new basement drains and flood protection, dishwashers, built-in garage storage, and custom skylight blinds. The rental mix includes a bi-level 2-bedroom ($2,931/mth) and a 1-bedroom basement ($1,570/mth) – both month-to-month with stellar tenants. A third unit, a bi-level 2-bedroom, is vacant, with potential market rent of $3,295, bringing the total to $7,796/mth when fully leased (see Financials). Each unit has a private entrance, thermostat & electrical panel. Oversized 2-car garage with lane access. Excellent home inspection.

Features
: Apartment
N
N
: Upper
Detached
2
2
: Brick
: None
N
All equipment owned including tankless HWT. Upgraded 1" water main, 200 amp service. Turn-key property with high income in an area with high rental demand. Steps to Christie Pits park, Christie subway station, Fiesta Farms, and Bloor St. W.
Address Map
Garnet
Canada
Ontario
Toronto
Toronto
M6G 1V6
5
Ave
5 Garnet Ave
01.W02.0460
Property Details
20 Sqft
110.00
0 Sqft
Sewers
: Toronto W02
Utilities
: Forced Air
: Gas
: Central Air
C$0
N
N
N
N

5 Garnet Ave, Toronto, Ontario M6G 1V6

For Sale Duplex

3 Bedrooms
3 Bathrooms
C$1299000
Listing ID #W8084526
Basic Details
Listing ID : W8084526
Property Type : Duplex
Price : C$1299000
Bedrooms : 3
Bathrooms : 3
Approx Square Footage : 1,500 Sqft
Directions, Cross Streets : Christie & Bloor
Tax Year :
Days On Market : 19
Taxes : C$6256
Agent info
The Alves Group
Contact Agent