Homes for sale - 50 Grove AVE, Toronto C01, ON M6J 3B6

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Desiree King

desiree@kingsdownsizing.com +1(888) 834-8520

$ 1,600,000

Est. payment | -/mo

6 Beds

4 Baths

Save

$ 1,600,000

Est. payment | -/mo

Save

6 Beds

4 Baths

Key Details

Property Type 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 and a 5.5% Cap Rate. 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 LANEWAY HOUSE with incredible rental income potential and upgrading to a 5-Plex. 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 condition is good and there have been plenty of renovations, including a full renovation of third floor unit and front unit on the second floor, kitchens, bathroom, flooring, paint, etc. Some updates on the second floor rear unit. 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. Recent 2025 improvements to the common areas including new front porch. You can find the full list pf features and improvements attached. This property is also great to move in rent out the remaining apartments. After a minimum downpayment you could move yourself into a large two bedroom, main floor unit with a massive backyard and garage parking. After paying your mortgage, property tax and utilities and subtracting for your rental income from the other three units, you could be living, all in, for far less than market rent. This property has mass appeal in Seller markets, so take this opportunity to reward yourself with a savvy investment decision. It's not worth waiting anymore as this one checks all of the boxes.

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

Listed by ROYAL LEPAGE ESTATE REALTY

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(888) 834-8520

desiree@kingsdownsizing.com

50 Grove AVE Toronto C01, ON M6J 3B6