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$2,775,000
Available - For Sale
Listing ID: C9512990
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.
Price $2,775,000
Taxes: $12,099
Address: 45 Northcote Ave , Toronto, M6J 3K2, Ontario
Lot Size: 23 x 122.94 (Feet)
Directions/Cross Streets: Queen St. West @ Northcote Ave
Rooms: 17
Rooms +: 3
Bedrooms: 5
Bedrooms +: 2
Washrooms: 6
Kitchens: 3
Kitchens +: 1
Family Room: Y
Basement: Apartment
Sep Entrance
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living 3.28 3.28 Open Concept, Combined W/Dining
Room 2: Main Kitchen 3.28 3.28 Open Concept, Combined W/Dining, Stainless Steel Appl
Room 3: Main Br 3.28 3.28
Room 4: Main 2nd Br 3.28 3.28
Room 5: Main 3rd Br 3.28 3.28
Room 6: 2nd Living 3.28 3.28
Room 7: 2nd Dining 3.28 0.00
Room 8: 2nd Kitchen 3.28 3.28
Room 9: 2nd 4th Br 3.28 3.28
Room 10: 2nd 5th Br 3.28 0.00
Room 11: 2nd Dining 3.28 3.28
Room 12: 3rd Family 3.28 3.28
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 2nd
Washroom 3:  4 3rd
Washroom 4:  4 Bsmt
Washroom 5:  2
Property Type: Semi-Detached
Style: 3-Storey
Exterior: Brick
Other
Garage Type: None
(Parking/)Drive: Lane
Drive Parking Spaces: 3
Pool: None
Approximatly Square Footage: 3000-3500
Fireplace/Stove: N
Heat Source: Electric
Heat Type: Radiant
Central Air Conditioning: Wall Unit
Elevator Lift: N
Sewers: Sewers
Water: Municipal
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HARVEY KALLES REAL ESTATE LTD.

45 Northcote Ave , Toronto, M6J 3K2, Ontario


 
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Type: Freehold - Semi-Detached
Area: Toronto
Municipality: Toronto
Neighbourhood: Little Portugal
Style: 3-Storey
Lot Size: 23.00 x 122.94(Feet)
Approximate Age:
Tax: $12,099
Maintenance Fee: $0
Beds: 5+2
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Independently owned and operated.
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