21 Macdonell Avenue Toronto W01 ON M6R 2A3
$ 2,449,000

Listing ID

#W12066125

Property Type

Detached

Property Style

3-Storey

County

Toronto

Neighborhood

Roncesvalles

Days on website

28

Description
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.
Location
Financial Information
List Price:  $ 2449000
Taxes:  $ 9706
Property Features
Approximate Square Footage:  2500-3000
Basement:  Apartment, Separate Entrance
Exterior:  Brick
Foundation Details:  Stone
Fronting On:  East
Garage Type:  Detached
Heat Source:  Gas
Heat Type:  Radiant
Interior Features:  Water Heater Owned
Property Features/ Area Influences:  Library, Park, Public Transit, Rec./Commun.Centre, School
Roof:  Asphalt Shingle, Flat
Sewers:  Sewer
Listed By:     SAGE REAL ESTATE LIMITED