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$ 1,950,000
Est. payment /mo
New
109 Gloucester ST Toronto C08, ON M4Y 1M2
6 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision Church-Yonge Corridor
MLS Listing ID C12481572
Style 2 1/2 Storey
Bedrooms 6
Annual Tax Amount $9,916
Tax Year 2025
Property Sub-Type Triplex
Property Description
Rare opportunity to acquire a Legal Tri-Plex in the heart of Downtown, with potential to easily convert to a 4 PLEX. Numerous large-scale developments in the area. Huge upside potential as there is a high-probability for this property to be included in a land-assembly for future area development (various options currently being discussed). Property needs work and offered in an As-Is condition, however can be renovated into 3-4 beautiful rental units commanding $120k-$150k/year revenue. Many original character features include exposed brick throughout, soaring-high 10ft ceilings on the Main & Second Floors and 9Ft ceilings on Third floor, crown-moulding & trim work, original front door, etc. Front pad parking has been in continuous use for over 60 years (contact Listing agent for info on parking).
Location
Province ON
County Toronto
Community Church-Yonge Corridor
Area Toronto
Rooms
Family Room Yes
Basement Separate Entrance, Partially Finished
Kitchen 3
Separate Den/Office 1
Interior
Interior Features In-Law Suite
Cooling Other, Wall Unit(s)
Fireplaces Type Natural Gas, Wood
Fireplace Yes
Heat Source Gas
Exterior
Pool None
View Downtown
Roof Type Slate,Asphalt Shingle,Asphalt Rolled
Lot Frontage 23.75
Lot Depth 124.0
Total Parking Spaces 1
Building
Foundation Stone, Block
Others
ParcelsYN No
Listed by REAL ESTATE HOMEWARD