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$ 2,095,000
Est. payment /mo
New
115 gladstone AVE Toronto C01, ON M6J 3L1
5 Beds
5 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Little Portugal
MLS Listing ID C12086409
Style 2-Storey
Bedrooms 5
Annual Tax Amount $9,177
Tax Year 2024
Property Sub-Type Detached
Property Description
Rare opportunity to own a fully legal 5-unit income property in one of Torontos most sought-after rental neighbourhoods. Four of five units have been renovated, offering strong in-place income with significant upside as units turn over to market rents. High cap rate in a high-growth area perfect for the savvy investor. Recent upgrades include roof shingles (2021), new sump pump (2024), and boiler pump (2025). Excellent tenant profile and minimal vacancy.Laneway access at the rear presents potential for a laneway suite (buyer to verify), adding future income potential. Steps to Queen West, transit, and all urban amenities. This is a rare, turnkey asset with stability, upside, and long-term value.
Location
Province ON
County Toronto
Community Little Portugal
Area Toronto
Rooms
Family Room Yes
Basement Finished
Kitchen 5
Interior
Interior Features None
Cooling Other
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle,Unknown
Lot Frontage 25.0
Lot Depth 115.0
Total Parking Spaces 2
Building
Foundation Unknown
Others
Virtual Tour https://www.houssmax.ca/vtournb/c3016587
Listed by GILBERT REALTY INC.