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Queen & Carlaw In the heart of vibrant Leslieville, this extra-wide, character-filled century semi offers an outstanding investment opportunity with immediate income and long-term upside. Currently configured as a legal duplex with three self-contained units, current as-of-right zoning permits 4 units plus a Laneway ADU. Even in its current state this property is generating a 4.4% cap rate at $1.298M.
Full financial breakdown available on request. Two units are currently rented to excellent tenants at market rates. The largest unita spacious, two-level, three-bedroom suite with a private balconyis vacant and ready for an end-user, or to generate premium rental income. Each unit features updated kitchens and bathrooms, ensuite laundry and ample storage. The basement is high, dry, and open concept, offering additional potential as a 2 bedroom unit.Architectural details such as veiled brick arches, fish-scale gables, bracket eaves, and stained-glass transoms provide heritage charm that stands out in the rental market. Soaring main floor ceilings and oversized rooms create a strong sense of space and light throughout. The deep lot with laneway access includes a large, solid steel garageideal for storage, rental, or development into a 1,380 square foot laneway suite. A Lanescape report is available to guide next steps.Recent updates include full roof replacement, eaves, downspouts, and gutter guards, reflecting pride of ownership and minimizing some future capital expenditures. The main floor also offers rear access to the kitchen and overall there remains potential for a single-family conversion, if desired.Seller will consider VTB (vendor take back financing) at traditional terms. This is a rare opportunity to acquire a well-maintained, income-generating asset with strong fundamentals and substantial growth potential in one of Torontos most sought-after neighbourhoods. Now at a very aggressive price. (id:27476)
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Updated April 18th 2025 8:05 am
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