$2.8 mln - 5 Bedroom - House in Toronto,ON - 45 Northcote Ave | HomeSmile
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listed 2 days ago
$2,775,000AI EST: -6.4% $2,597K Valuation info
45 Northcote Ave
5 +2
bedrooms
6
bathrooms
3
parking spaces

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.
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Sold history


General Info

5+2 bedroom semi-detached house in Toronto
45 Northcote Ave, MLS: C9512990

Style | Type
3-storey | semi-detached
Lot Width
23.0 ft
Lot Length
122.9 ft
Total Approx. Floor Area
3000-3500 sqft

Rooms

Bedrooms
5+2
Total Rooms
17+3
Bathrooms
6
Basement
apartment+sep entrance

Parking

Garage spaces
0
Total spaces
3
Driveway
lane

Financial info

Taxes
$12,099 / 2024

Additional info

Fireplace/Stove
none
Heating
radiant
Cooling
wall unit
Extras
multiple parking spots at rear, via laneway. all appliances, hvac equipment included.

Rooms

FloorNameSize (m)Comments
MainLiving1.00 x
1.00
Open Concept, Combined W/Dining
MainKitchen1.00 x
1.00
Open Concept, Combined W/Dining, Stainless Steel Appl
MainBr1.00 x
1.00
Main2nd Br1.00 x
1.00
Main3rd Br1.00 x
1.00
2ndLiving1.00 x
1.00
2ndDining1.00 x
0.00
2ndKitchen1.00 x
1.00
2nd4th Br1.00 x
1.00
2nd5th Br1.00 x
0.00
2ndDining1.00 x
1.00
3rdFamily1.00 x
1.00

Other

Possession Details
tbd
Exterior Finish
brick+other
Listing Brokerage
harvey kalles real estate ltd.
Listing Sub-Area
little portugal

Listing Information

Listed Price
$2,775,000
Listed date
27 oct 2024
Days On The Market
2
HomeSmile AI estimate
$2,596,552 Valuation info
FOR SALE
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