21 Macdonell Avenue, Toronto (Roncesvalles), Ontario M6R 2A3 (28032084)


LOADING

8 Bedroom 4 Bathroom 3,500 - 5,000 ft2
Radiant Heat

$2,649,000

Prime 4-Unit Income Property, a rare opportunity in the heart of Roncesvalles, this stunning red double-brick classic home offers exceptional rental income for investors or savvy homeowners, with 4 incredible fully equipped, spacious 2-bedroom apartments. Each self-contained unit boasts modern upgraded kitchens with dishwashers, private entrances, and ensuite laundry for ultimate convenience. Thoughtfully designed with spacious layouts, the main floor features soaring ceilings and timeless character. The second floor offers a functional layout, a private balcony, and an oversized sunlit west-facing living room. The third floor is warm and inviting, with an open-concept kitchen and abundant natural light. The basement unit impresses as a true 2 bedroom apartment with large above-grade windows and a walkout to the backyard. Serviced by a high-efficiency boiler (2018) and a 400-amp electrical system, each unit has its own 60-amp service, with additional capacity for future expansion. Amazing, spacious backyard and oversized 3-car garage, featuring three skylights and updated garage doors (2018), presents a fantastic opportunity for a laneway suite, with two parking spaces currently rented and one vacant. The units generate substantial rental income with less than average property expenses. Nestled between Roncesvalles and Queen West, this property is steps from vibrant cafes, restaurants, High Park, waterfront trails and major TTC routes, with easy access to Lakeshore Blvd and the Gardiner for seamless commuting. A walker's paradise with unbeatable rental demand, this is a turnkey investment opportunity perfect for generating passive income or accommodating multigenerational living, a very special opportunity in one of the best neighbourhoods in Toronto. (id:54662)

Property Details

MLS® Number W12022549
Property Type Single Family
Neigbourhood Roncesvalles
Community Name Roncesvalles
Amenities Near By Schools, Public Transit, Park
Community Features Community Centre
Parking Space Total 3

Building

Bathroom Total 4
Bedrooms Above Ground 6
Bedrooms Below Ground 2
Bedrooms Total 8
Age 100+ Years
Appliances Water Heater, Dishwasher, Dryer, Stove, Washer, Refrigerator
Basement Features Apartment In Basement, Separate Entrance
Basement Type N/a
Construction Style Attachment Detached
Exterior Finish Brick
Flooring Type Hardwood, Tile, Vinyl, Cork
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Radiant Heat
Stories Total 3
Size Interior 3,500 - 5,000 Ft2
Type House
Utility Water Municipal Water

Parking

Detached Garage
Garage

Land

Acreage No
Land Amenities Schools, Public Transit, Park
Sewer Sanitary Sewer
Size Depth 139 Ft
Size Frontage 29 Ft
Size Irregular 29 X 139 Ft
Size Total Text 29 X 139 Ft

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Josh Randell
Salesperson

(416) 483-8000
www.arkarealestate.com/
www.facebook.com/arkarealestategroup

Sage Real Estate Limited
2010 Yonge Street
Toronto, Ontario M4S 1Z9

(416) 483-8000
(416) 483-8001

Leif Moore
Broker

(416) 483-8000
www.arkarealestate.com/

Sage Real Estate Limited
2010 Yonge Street
Toronto, Ontario M4S 1Z9

(416) 483-8000
(416) 483-8001