21 Macdonell AVE Active Save Request In-Person Tour Request Virtual Tour
Toronto W01,ON M6R 2A3
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Roncesvalles
MLS Listing ID W12022549
Style 3-Storey
Bedrooms 6
Annual Tax Amount $9,706
Tax Year 2024
Property Sub-Type Detached
Property 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
Province ON
County Toronto
Community Roncesvalles
Area Toronto
Rooms
Family Room No
Basement Apartment,Separate Entrance
Kitchen 4
Separate Den/Office 2
Interior
Interior Features Water Heater Owned
Cooling None
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 3.0
Pool None
Roof Type Asphalt Shingle,Flat
Lot Frontage 29.0
Lot Depth 139.0
Total Parking Spaces 3
Building
Unit Features School,Rec./Commun.Centre,Public Transit,Park,Library
Foundation Stone
Others
ParcelsYN No
Virtual Tour https://www.elitepropertiestoronto.com/21-macdonell