50 Grove Avenue Toronto, Ontario M6J 3B6
$1,400,000
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 scores 7 out of 10 in terms of condition. Lots of renovations too, like brand new porch, full reno of third floor unit and front unit on the second floor, kitchens, bathroom, some updates on the second floor rear unit, and 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:) I'll be hosting many mini open houses during the week, but not your typical weekend open house. Please reach out to make an appointment for one of the available time slots that's convenient for you. (id:61852)
Property Details
| MLS® Number | C12152177 |
| Property Type | Single Family |
| Neigbourhood | Spadina—Fort York |
| Community Name | Trinity-Bellwoods |
| AmenitiesNearBy | Park, Place Of Worship, Public Transit, Schools, Hospital |
| CommunityFeatures | Community Centre |
| ParkingSpaceTotal | 2 |
Building
| BathroomTotal | 4 |
| BedroomsAboveGround | 6 |
| BedroomsTotal | 6 |
| Age | 100+ Years |
| Appliances | Garage Door Opener Remote(s), Dishwasher, Dryer, Stove, Washer, Window Coverings, Refrigerator |
| BasementDevelopment | Unfinished |
| BasementType | N/a (unfinished) |
| ConstructionStyleAttachment | Attached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick Facing |
| FoundationType | Brick |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| SizeInterior | 2500 - 3000 Sqft |
| Type | Row / Townhouse |
| UtilityWater | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| LandAmenities | Park, Place Of Worship, Public Transit, Schools, Hospital |
| Sewer | Sanitary Sewer |
| SizeDepth | 144 Ft ,9 In |
| SizeFrontage | 19 Ft |
| SizeIrregular | 19 X 144.8 Ft |
| SizeTotalText | 19 X 144.8 Ft |
Utilities
| Sewer | Installed |
Interested?
Contact us for more information
Derek R Kaiser
Broker
507 King St E
Toronto, Ontario M5A 1M3
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May 15 2025 09:39:56
Toronto Real Estate Board
Royal LePage Estate Realty
