$ 2,775,000
45 Northcote AVE Toronto C01, ON M6J 3K2
Schedule a Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,775,000
Est. payment /mo
Active
45 Northcote AVE Toronto C01, ON M6J 3K2
5 Beds
6 Baths
UPDATED:
10/27/2024 04:10 PM
Key Details
Property Type Single Family Home
Sub Type Semi-Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
MLS Listing ID C9512990
Style 3-Storey
Bedrooms 5
Annual Tax Amount $12,099
Tax Year 2024
Property Description
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.
Location
Province ON
County Toronto
Area Little Portugal
Rooms
Family Room Yes
Basement Apartment, Separate Entrance
Kitchen 4
Separate Den/Office 2
Interior
Interior Features Other
Cooling Wall Unit(s)
Fireplace No
Heat Source Electric
Exterior
Garage Lane
Garage Spaces 3.0
Pool None
Waterfront No
View Downtown
Roof Type Not Applicable
Parking Type None
Total Parking Spaces 3
Building
Foundation Not Applicable
Listed by HARVEY KALLES REAL ESTATE LTD.
GET MORE INFORMATION