Active
45 Northcote Ave
Toronto Ontario, M6J 3K2
C$2,775,000
Active
7 Beds
6 Baths
Townhomes
Investors consider buying either 45 and 47 Northcote Ave separately, or buy them both & allow titles of both properties to merge into a legal 8-plex, with existing approval for additional unit, and possibly avoid Canadas foreign buyer ban. This bay & gable brownstone beauty at #45 Northcote Ave - is a 3-story bay and gable 4-plex with self-contained apartments, including a beautiful 2-bedroom basement apartment, a 3-bedroom main, A large 1-bed, 2nd flr, & another on 3rd. Anchored in the West Queen West area of Toronto - a most desirable lifestyle and real estate investment hub - having the opportunity to purchase 2 side by side homes like this is nearly unheard of in this area. Victorian era brownstone with optimum income for owners who intend to live here or investors maximizing rents and future price appreciation. In 2018 #45 was approved to expand the 3rd floor to a larger footprint. Most visitors comment how great the basement 2 bedroom apartment is, with high ceilings, huge windows wells allowing natural light & a separate entrance through front of house. Spacious modern apartments, all with with own ensuite laundry, separately metered and with own temperature controls. Floors were additionally insulated for sound and thermal. 45 Northcote backs onto a laneway offering access multiple neighbouring coach houses. #45 & #47 could house a coach house of their own. Prefer to keep the backyard as parking? theres room for over 6 cars. #45 & #47 together span 43+ feet of frontage and approximately 123 feet of depth. Current rents lead to top of market CAP rates, with tenants paying own utilities. With already approved expansion plans, financials will surely go up. Beaconsfield Village's Northcote is bookended by dreamy Beaconsfield Avenue with its mid-1800s brownstones and fabulous coach houses, anchored by Queen West's famous Drake Hotel and The Gladstone. Top restaurants, fantastic dessert and coffee shops, and famous bars. Top walk and bike scores.
C9512990
MLSⓇ ID
October 28, 2024
Updated
Map
45 Northcote Ave
Toronto Ontario, M6J 3K2
Interior Features
Total Stories
3
Bedrooms
7
Total Bathrooms
6
Fireplace
No
Cooling
Yes
Cooling Description
Wall Unit
Heating
Yes
Heating Description
Radiant, Electric
Exterior/Building Features
Lot Size
0.06 Acres
Sewer
Sewers
Other Property Details
Area Name
Little Portugal
Taxes
$12,099
Tax Frequency
Annually
Garage
No
Parking
None
Parking Total
3
View
No
County
Ontario
Municipality
Toronto
Water Source
Municipal
Pool
No
Pool Features
None
Courtesy of Listed by , HARVEY KALLES REAL ESTATE LTD.,
Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.
©2024 Toronto Real Estate Board. All rights reserved.
Data last updated 10:41 AM UTC, 10/28/2024