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Maria Tompson
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Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$1,600,000
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 and a 5.5% Cap Rate. 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 LANEWAY HOUSE with incredible rental income potential and upgrading to a 5-Plex. 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 is good and there have been plenty of renovations, including a full renovation of third floor unit and front unit on the second floor, kitchens, bathroom, flooring, paint, 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. Recent 2025 improvements to the common areas including new front porch. You can find the full list pf features and improvements attached. This property is also great to move in rent out the remaining apartments. After a minimum downpayment you could move yourself into a 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 far less than market rent. This property has mass appeal in Seller markets, so take this opportunity to reward yourself with a savvy investment decision. It's not worth waiting anymore as this one checks all of the boxes.
Price $1,600,000
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
Washroom 11:  4 Main
Washroom 12:  4 Second
Washroom 13:  3 Second
Washroom 14:  3 Third
Washroom 15:  0
Washroom 16:  4 Main
Washroom 17:  4 Second
Washroom 18:  3 Second
Washroom 19:  3 Third
Washroom 20:  0
Washroom 21:  4 Main
Washroom 22:  4 Second
Washroom 23:  3 Second
Washroom 24:  3 Third
Washroom 25:  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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Maria Tompson
Sales Representative
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416-548-7854
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416-548-7854
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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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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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