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.
Address
21 Macdonell Avenue
List Price
$2,649,000
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
3-Storey
Area
Toronto W01
Sub-Area
Roncesvalles
County
Toronto
Bedrooms
6 + 2
Bathrooms
4
Floor Area
3500 - 5000 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
139
Lot Size Units
Feet
Lot Width
29
MLS® Number
W12022549
Listing Brokerage
SAGE REAL ESTATE LIMITED
Basement Area
Apartment, Separate Entrance
Postal Code
M6R 2A3
Parking Places (Total)
3
Tax Amount
$9,706.47
Tax Year
2024
Interior Features
Water Heater Owned
Property Features
School, Rec./Commun.Centre, Public Transit, Park, Library
Heat Source
Gas
Heat Type
Radiant
Cooling Features
None
Construction Materials
Brick
Direction Faces
East
Foundation Details
Stone
Garage Type
Detached
Kitchens Total
4
Pool Features
None
Roof
Asphalt Shingle, Flat
Sewer
Sewer