Re/max Premier Inc., Brokerage
9100 Jane St
Concord, ON
L4K 0A4
Toronto, Little Portugal, M6J 3K2
$2,575,000
Listed by HARVEY KALLES REAL ESTATE LTD..
Investors consider buying both 47 Northcote Ave, or 45 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 Canada's foreign buyer ban. This Bay & Gable brownstone beauty at #47 Northcote Ave is a 3-story 4-plex with self-contained apartments, including 2 1-bedroom main flr apartments, a large 2-bed 2nd, a large apartment on 3rd with a massive rooftop deck. 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. Renovated Victorian era brownstone with optimum income for owners who intend to live here or investors maximizing rents and future price appreciation. In 2018 #47 was approved for an additional huge basement apartment. just like the one at #45. Ensuite laundries, separately metered and with own temperature controls. Floors were additionally insulated for sound and thermal. 47 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.
Multiple Parking spots at rear, via laneway. All appliances, HVAC equipment included. Full basement with storage and approvals for another apartment.
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The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
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.
This property has been sold 4 times before. To view this property's sale price history please sign in or register: