Toronto, Little Portugal, M6J 3K2
$2,775,000
Listed by HARVEY KALLES REAL ESTATE LTD..
Like its sister property #45 Northcote Avenue is a Semi-Detached Legal Fourplex, offering the most exciting real estate in the West Queen West area of Toronto. Like #45, #47 Northcote Avenue is a beautiful Victorian era 3 story Bay and Gable brownstone with optimum income for owners who intend to live here and rent out a part of the home - perfectly set up for private separate and exclusive living. It's a live-in Investment - a property in a great location where as your lifestyle and family expands, so can your footprint. For a pure investor, you are maximizing rent and taking advantage of future price appreciation in the hottest real estate pocket of Toronto. Beaconsfield Village's Northcote is book-ened by dreamy Beaconsfield Avenue with its mid-1800s brownstones and fabulous coach houses, anchored by Queen West's famous Drake hotel and The Gladstone. Torontonians call this area their "favourite to hang out", meet up with friends, or start a life together. Top restaurants, fantastic dessert and coffee shops, and famous bars. All 4 units are above grade. An entire full walkout basement is already approved (2018) for a huge separate apartment. 47 Northcote backs onto a laneway that already showcases a multitude of incredible neighbouring coach houses. From its rooftop deck the Toronto Skyline views are incredible. #45 & #47 together span 43+ feet of frontage and approximately 123 feet of depth. See the attachments for Financials. #45 / are available to be purchased together or separately. Ask us about optimizing revenue here. With already approved expansion plans, financials will surely go up.
Multiple Parking spots at rear, via laneway. All appliances, HVAC equipment included.
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The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.
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