Rare opportunity to own a fully legal 5-unit income property in one of Torontos most sought-after rental neighbourhoods. Four of five units have been renovated, offering strong in-place income with significant upside as units turn over to market rents. High cap rate in a high-growth area perfect for the savvy investor. Recent upgrades include roof shingles (2021), new sump pump (2024), and boiler pump (2025). Excellent tenant profile and minimal vacancy.Laneway access at the rear presents potential for a laneway suite (buyer to verify), adding future income potential. Steps to Queen West, transit, and all urban amenities. This is a rare, turnkey asset with stability, upside, and long-term value.
Address
115 Gladstone Avenue
List Price
$2,095,000
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Area
Toronto C01
Sub-Area
Little Portugal
County
Toronto
Bedrooms
5
Bathrooms
5
Floor Area
2500 - 3000 Sq. Ft.
Lot Depth
115
Lot Size Units
Feet
Lot Width
25
MLS® Number
C12086409
Listing Brokerage
GILBERT REALTY INC.
Basement Area
Finished
Postal Code
M6J 3L1
Parking Places (Total)
2.5
Tax Amount
$9,177.00
Tax Year
2024
Interior Features
None
Heat Source
Gas
Heat Type
Radiant
Cooling Features
Other
Construction Materials
Brick
Direction Faces
East
Foundation Details
Unknown
Garage Type
None
Kitchens Total
5
Pool Features
None
Roof
Asphalt Shingle, Unknown
Sewer
Sewer