21 MACDONELL AVENUE, Toronto, Ontario

$2,449,000

8 Beds
4 Baths

Prime 4-Unit Income Property, a rare opportunity in the heart of Roncesvalles, this stunning red double-brick classic home offers exceptional rental income for investors or savvy homeowners, with 4 incredible fully equipped, spacious 2-bedroom apartments. Each self-contained unit boasts modern upgraded kitchens with dishwashers, private entrances, and ensuite laundry for ultimate convenience. Thoughtfully designed with spacious layouts, the main floor features soaring ceilings and timeless character. The second floor offers a functional layout, a private balcony, and an oversized sunlit west-facing living room. The third floor is warm and inviting, with an open-concept kitchen and abundant natural light. The basement unit impresses as a true 2 bedroom apartment with large above-grade windows and a walkout to the backyard. Serviced by a high-efficiency boiler (2018) and a 400-amp electrical system, each unit has its own 60-amp service, with additional capacity for future expansion. Amazing, spacious backyard and oversized 3-car garage, featuring three skylights and updated garage doors (2018), presents a fantastic opportunity for a laneway suite, with two parking spaces currently rented and one vacant. The units generate substantial rental income with less than average property expenses. Nestled between Roncesvalles and Queen West, this property is steps from vibrant cafes, restaurants, High Park, waterfront trails and major TTC routes, with easy access to Lakeshore Blvd and the Gardiner for seamless commuting. A walker's paradise with unbeatable rental demand, this is a turnkey investment opportunity perfect for generating passive income or accommodating multigenerational living, a very special opportunity in one of the best neighbourhoods in Toronto. (id:56241)

Listing ID: W12066125
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Bedroom	Second level	3.15 m x 2.99 m
Bathroom	Second level	2.72 m x 2.71 m
Foyer	Second level	4.6 m x 2.01 m
Kitchen	Second level	2.55 m x 2.43 m
Dining room	Second level	3.41 m x 2.62 m
Living room	Second level	4.83 m x 4.02 m
Primary Bedroom	Second level	3.59 m x 3.58 m
Kitchen	Third level	4.03 m x 3.12 m
Living room	Third level	5.33 m x 3.11 m
Primary Bedroom	Third level	4.24 m x 3.08 m
Bedroom 2	Third level	3.91 m x 3.16 m
Bathroom	Third level	2.7 m x 1.86 m
Foyer	Third level	3.89 m x 1.72 m
Kitchen	Basement	3.09 m x 2.9 m
Living room	Basement	4.79 m x 3.95 m
Dining room	Basement	2.55 m x 2.48 m
Primary Bedroom	Basement	3.85 m x 3.06 m
Bedroom 2	Basement	3.3 m x 2.75 m
Bathroom	Basement	2.2 m x 1.86 m
Mud room	Basement	3.51 m x 3.37 m
Kitchen	Main level	3.68 m x 3.19 m
Living room	Main level	4.69 m x 3.96 m
Primary Bedroom	Main level	4.13 m x 3.98 m
Bathroom	Main level	1.89 m x 1.85 m
Foyer	Main level	3.49 m x 2.03 m
Bedroom 2	Ground level	4.01 m x 2.17 m

Details

Amenities Nearby: Schools, Public Transit, Park
Community Features: Community Centre
Ownership: Freehold
Parking Spaces: 3
Transaction: For sale

Building

Appliances: Water Heater, Dishwasher, Dryer, Stove, Washer, Refrigerator
BasementType: N/A
Basement Features: Apartment in basement, Separate entrance
Bedrooms Main Level: 6
Bedrooms Lower Level: 2
Construction Style Attachment: Detached
Exterior Finish: Brick
Fireplace Present: False
Flooring: Hardwood, Tile, Vinyl, Cork
Foundation: Stone
Bathrooms (Total): 4
Heating: Radiant heat
Heating Fuel: Natural gas
Size Interior: 2499.9795 - 2999.975 sqft
Stories Total: 3
Type: House
Utility Water: Municipal water

Land

Amenities: Schools, Public Transit, Park
Sewer: Sanitary sewer
Size Frontage: 29 ft
Size Irregular: 29 x 139 FT

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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 21 MACDONELL AVENUE in Toronto Ontario. It was last modified on April 7th, 2025. Contact us to schedule a viewing or to discover other Toronto homes for sale.

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