About This Property
Fully renovated legal triplex in a prime East York location, just 5-minute walk to Donlands Subway, moments to the shops, cafés & restaurants ofGreektown. Purchased in 2019 as a single-family dwelling, the property was extensively renovated & professionally converted into a legal triplexwith all required building permits, inspections & licensed contractors. Updates include electrical, plumbing, HVAC, kitchens, bathrooms, windows,flooring & major systems throughout. This turnkey income property has never experienced vacancy, consistently generating approximately$6,000 per month with excellent long-term tenants. The basement unit was vacated mid-December & is intentionally being held vacant to providethe new owner the option of living on-site while collecting income from the other units. The current rental income is slightly below market,offering upside potential & the asking price reflects a conservative & well-supported valuation. Each unit is fully self-contained with its ownkitchen, full-size laundry & designated outdoor space - rare & highly desirable features. Tenants enjoy dedicated backyard areas along withaccess to multiple decks, creating exceptional livability. Main floor features a beautifully finished 2-bedroom suite with a permitted solarium,offering heated floors a walk-out to a private deck & yard. The upper unit is a bright 1-bedroom with living room & eat-in kitchen. Basement suitewas professionally underpinned, rebuilt from the foundation up, featuring a separate entrance, full ceiling height, walk-out to a covered patio,excellent natural light. Additional highlights include a legal, city-approved parking pad (annual permit $360), sump pump & soak-away pit, ownedhot water tanks (including backup), newer furnace & A/C (under warranty), replaced windows & a backyard standalone deck. A rare opportunityto own a well-maintained, income-producing property in one of Toronto's most walkable & transit-connected neighbourhoods.
