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Max Ortoli

[email protected] +1(416) 398-1111

$ 1,400,000

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50 Grove AVE Toronto C01, ON M6J 3B6

6 Beds

4 Baths

UPDATED:

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 condition could use some improvements. But there have been plenty of renovations. Full gut reno of third floor unit and front unit on the second floor, kitchens, bathroom, flooring 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. So, it wouldn't take you much to make this into a 9 out of 10, as nothing is perfect:) Recent 2025 improvements to the common areas including new front porch. You can find the full list pf features and improvements attached. It would require a hefty down payment of 20% plus closing fees and land transfer tax, but you could move in yourself to the 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 less than $1,500 per month. This property has mass appeal in Seller markets, so take this opportunity to reward yourself with a savvy investment decision that checks all the boxes.

Location

State 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

Inclusions 4 fridges, 4 gas stoves, 3 dishwashers, 3 washers, 3 dryers, all electrical light fixtures, window coverings not belonging to the tenants, gas furnace and equipment and air conditioner.

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

Foundation Brick

Others

Senior Community Yes

Listed by ROYAL LEPAGE ESTATE REALTY

Max Ortoli

+1(416) 398-1111

Max Ortoli

50 Grove AVE Toronto C01, ON M6J 3B6

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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50 Grove AVE