50 Grove AVE new Save Request In-Person Tour Request Virtual Tour
Toronto C01,ON M6J 3B6
Key Details
Property Type Condo, Townhouse
Sub Type Att/Row/Townhouse
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Trinity-Bellwoods
MLS Listing ID C12152177
Style 3-Storey
Bedrooms 6
Building Age 100+
Annual Tax Amount $8,182
Tax Year 2024
Property Sub-Type Att/Row/Townhouse
Property Description
Talk about pride of ownership, this one scores high across all categories. First, you'll fall in love with the gorgeous victorian townhouse curb appeal. Next, it makes great money sense, as you're pulling in approximately $90,000 in NET income. Tenant quality is also fantastic as it's a true downtown 4plex with all units above ground attracting professional applicants. Detached garage parking off the laneway clears the path for your potential 1250 square foot LANEWAY HOUSE that you could rent out for well over $3,000. Finally, Trinity Bellwoods is arguably Toronto's most vibrant neighbourhood, so you've definitely taken care of location, location, location. I would say overall, the property scores 7 out of 10 in terms of condition. Lots of renovations too, like brand new porch, full reno of third floor unit and front unit on the second floor, kitchens, bathroom, some updates on the second floor rear unit, and the main floor tenant has been there a while, so not much there. The basement could use finishing to maximize rental potential. The electrical is copper, but updating to a 200 amp system is worth it, furnace, roof and A/C are mid life and the garage is original construction. So, it wouldn't take you much to make this into a 9 out of 10, as nothing is perfect:) I'll be hosting many mini open houses during the week, but not your typical weekend open house. Please reach out to make an appointment for one of the available time slots that's convenient for you.
Location
Province ON
County Toronto
Community Trinity-Bellwoods
Area Toronto
Rooms
Family Room No
Basement Unfinished
Kitchen 4
Interior
Interior Features Auto Garage Door Remote
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle,Flat
Lot Frontage 19.0
Lot Depth 144.75
Total Parking Spaces 2
Building
Unit Features Park,Place Of Worship,Public Transit,School,Rec./Commun.Centre,Hospital
Foundation Brick