Toronto W01 M6R 1M7
Canada

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 7 BR
Bathrooms: 13

Financials

Price:C3,949,000
($2,851,800)
(€2,442,300)
Annual Taxes:C15,737.80
505 Park Ave, New York, NY 10022

This is a rare opportunity to acquire a generational investment asset in the heart of High Park Roncesvalles, one of Toronto's most sought after and supply constrained neighbourhoods.

    Description

    This is a rare opportunity to acquire a generational investment asset in the heart of High Park-Roncesvalles, one of Toronto's most sought-after and supply-constrained neighbourhoods. This iconic mansion conversion features 13 kitchens and 13 bathrooms, consisting of a stately main residence and a detached coach house. The property has COA approval for a two-storey rear addition, which will create three additional units, with 2 units already in the coach house. The property primarily comprises long-term tenancies, providing reliable in-place income and significant potential for future rent optimization. Notable features include 400-amp electrical service and ample rear parking, a rare amenity in an urban setting. Located steps from Roncesvalles Village, High Park, transit options, Bloor West Village, the GO Train, and the UP Express, this site offers seamless access to downtown Toronto and Pearson Airport. Properties in this tightly held area are seldom available, making this a once-in-a-generation opportunity for investors looking for scale, character, and long-term appreciation. The CMHC Select program might be applicable for the construction of additional units and the purchase of property. The property is sold AS IS, WHERE IS, and is registered as a rooming and boarding house.

    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.