Homes for sale - 45 NORTHCOTE AVENUE, Toronto (little Portugal), ON...

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Sarah Percival

sarah.percival@engelvoelkers.com +1(613) 883-7076

$ 2,775,000

Est. payment -/mo

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45 NORTHCOTE AVENUE Toronto (little Portugal), ON M6J3K2

7 Beds

6 Baths

2,999 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 2,999 sqft

Price per Sqft $925

Subdivision Little Portugal

MLS® Listing ID C9512990

Bedrooms 7

Half Baths 1

Originating Board Toronto Regional Real Estate Board

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. **** EXTRAS **** Multiple Parking spots at rear, via laneway. All appliances, HVAC equipment included. (id:24570)

Location

Province ON

Rooms

Extra Room 1 Second level 1 m X 1 m Dining room

Extra Room 2 Second level 1 m X 1 m Living room

Extra Room 3 Second level 1 m x Measurements not available Dining room

Extra Room 4 Second level 1 m X 1 m Kitchen

Extra Room 5 Second level 1 m X 1 m Bedroom 4

Extra Room 6 Second level 1 m x Measurements not available Bedroom 5

Interior

Heating Radiant heat

Cooling Wall unit

Exterior

Garage No

Waterfront No

View Y/N No

Total Parking Spaces 3

Private Pool No

Building

Story 3

Sewer Sanitary sewer

Others

Ownership Freehold

Listed by HARVEY KALLES REAL ESTATE LTD.

Sarah Percival

Salesperson

+1(613) 883-7076

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