Grand 2.5 Storey Victorian Multiplex On Coveted Pacific Avenue, Circa 1888 Detached With Period Brick Facade, Inviting Front Porch, 6 Well Designed Suites, Stained Glass, Interior & Mechanical Renovation In 2006, Over 3,500Sq.Ft Finished On 4 Levels, Roof & 3rd Floor Deck Fall 2021, 6 Hydro Meters, 5 Gas Meters, Convenient Coin Op Laundry, Multiple Decks And Outdoor Space For Tenants, Property Fully Tenanted: $120K Gross Income, $15K Expenses, $105K Net Income. Low Maintenance 25' X 78' Lot; Tenants Manage Refuse & Snow, Short Stroll To The Jun
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25 Year , 4.99% interest
Real Estate Board require you toSign Into see the full details of this property
Real Estate Board require you toSign Into see the full details of this property
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Welcome to 307 Pacific Avenue, Etobicoke, a stunning detached house for sale in the desirable Junction Area of Toronto. This grand 2 1/2 storey Victorian multiplex, built in 1888, exudes charm and character with its period brick facade and inviting front porch. The house boasts a total of 6 well-designed suites, making it an excellent investment opportunity.
Upon entering this magnificent property, you will be greeted by the timeless beauty of stained glass windows, a true testament to the craftsmanship of the era. The interior and mechanical renovations carried out in 2006 have seamlessly blended modern conveniences with the historic charm of the home.
Spanning over 3,500 square feet across 4 levels, this house offers ample space for comfortable living. The recent updates include a new roof and a third-floor deck, completed in the fall of 2021. With 6 hydro meters and 5 gas meters, the property is efficiently equipped to cater to the needs of each suite.
For the convenience of the tenants, there is a coin-operated laundry facility on-site. Additionally, multiple decks and outdoor spaces provide a delightful retreat for the residents to enjoy. The property is fully tenanted, generating an impressive gross income of $120,000 with expenses of $14,000, resulting in a net income of $106,000.
Situated on a low-maintenance 25' x 78' lot, this house offers a hassle-free lifestyle. The tenants take care of refuse and snow management, allowing you to enjoy the benefits of property ownership without the added responsibilities. The location is truly exceptional, with a short stroll taking you to the vibrant Junction and Bloor West Village shopping and entertainment districts. The renowned High Park and convenient TTC access further enhance the appeal of this desirable neighbourhood.
This 100+ year old house stands proudly on its < .50-acre lot, offering a unique opportunity to own a piece of history in Etobicoke. The charming brick exterior is a testament to the enduring quality of craftsmanship from a bygone era. With 5 bedrooms and 2 dens, there is ample space to accommodate a large family or multiple occupants.
The 6 bathrooms ensure that everyone's needs are met, while the 5 kitchens and additional kitchen provide flexibility and convenience. The total of 13 rooms, including 4 additional rooms, offers versatility for various living arrangements or potential home offices.
While the house does not have air conditioning, the baseboard heating system ensures a comfortable environment throughout the year. The absence of a pool and fireplace may be seen as an opportunity to customize the outdoor space to your liking. However, the presence of internet connectivity ensures that you can stay connected in today's digital world.
The basement of this property is a fully finished walk-out apartment, providing additional living space or potential rental income. The availability of municipal water and sewer services adds to the convenience of this home.
With a lot size of 25 x 78 feet and no garage or driveway, parking may be obtained through alternative means. The nearest school, Annette Street Junior and Senior Public School, is an excellent educational institution for families with elementary-aged children.
In summary, this house for sale in Etobicoke, located at 307 Pacific Avenue, offers a unique opportunity to own a piece of history in the coveted Junction Area. With its Victorian charm, spacious suites, and convenient location, this property is a true gem. Don't miss out on the chance to make this house your home and experience the best of Toronto living. Contact us today to arrange a viewing and secure your place in this vibrant community.
Junction Area is a vibrant and diverse community located in the city of Etobicoke. Nestled in the western part of Toronto, this neighbourhood offers a unique blend of urban amenities and a close-knit atmosphere. Known for its rich history and industrial roots, Junction Area has transformed into a trendy and sought-after place to live. The area is characterized by its charming residential streets, lined with beautiful Victorian homes and tree-lined avenues. Residents can enjoy a variety of local shops, boutiques, and restaurants, which contribute to the area's lively and bustling atmosphere. With its proximity to High Park and easy access to public transportation, Junction Area offers a perfect balance between city living and a peaceful suburban feel.
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