Asking Price:
$1,600,000
Ref# C12152177
Available for Sale » Residential | Att/Row/Townhouse
50 Grove Avenue (Ossington and Dundas)
Trinity-Bellwoods, Toronto C01
50 Grove Avenue (Ossington and Dundas)
Trinity-Bellwoods, Toronto C01
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 and a 5.5% Cap Rate. 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 LANEWAY HOUSE with incredible rental income potential and upgrading to a 5-Plex. 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 is good and there have been plenty of renovations, including a full renovation of third floor unit and front unit on the second floor, kitchens, bathroom, flooring, paint, 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. Recent 2025 improvements to the common areas including new front porch. You can find the full list pf features and improvements attached. This property is also great to move in rent out the remaining apartments. After a minimum downpayment you could move yourself into a 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 far less than market rent. This property has mass appeal in Seller markets, so take this opportunity to reward yourself with a savvy investment decision. It's not worth waiting anymore as this one checks all of the boxes.
Property Features
- Bedroom(s): 6
- Bathroom(s): 4
- Kitchen(s): 4
- Total Room(s): 14
- Estimated annual taxes: $8182.9
- Square footage: 2500-3000
- Approx. age: 100+ years
- Basement: Unfinished
- Att/Row/Townhouse / Att/Row/Townhouse
- Garage Type: Detached
- Garage Spaces: 2
- Parking Drive Spaces: 2
- Occupancy: Tenant
FEATURES
- Hospital
- Park
- Place Of Worship
- Public Transit
- Rec./Commun.Centre
- School
The above information is deemed reliable, but is not guaranteed. Search facilities other than by a consumer seeking to purchase or lease real estate, is prohibited.
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Property Photos
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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 and a 5.5% Cap Rate. 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 LANEWAY HOUSE with incredible rental income potential and upgrading to a 5-Plex. 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 is good and there have been plenty of renovations, including a full renovation of third floor unit and front unit on the second floor, kitchens, bathroom, flooring, paint, 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. Recent 2025 improvements to the common areas including new front porch. You can find the full list pf features and improvements attached. This property is also great to move in rent out the remaining apartments. After a minimum downpayment you could move yourself into a 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 far less than market rent. This property has mass appeal in Seller markets, so take this opportunity to reward yourself with a savvy investment decision. It's not worth waiting anymore as this one checks all of the boxes.
The above information is deemed reliable, but is not guaranteed. Search facilities other than by a consumer seeking to purchase or lease real estate, is prohibited.
Request More Information
We only collect personal information strictly necessary to effectively market / sell the property of sellers,
to assess, locate and qualify properties for buyers and to otherwise provide professional services to
clients and customers.
We value your privacy and assure you that your personal information is safely stored, securely transmitted, and protected. I/We do not sell, trade, transfer, rent or exchange your personal information.
All fields are mandatory.
Request More Information
We only collect personal information strictly necessary to effectively market / sell the property of sellers,
to assess, locate and qualify properties for buyers and to otherwise provide professional services to
clients and customers.
We value your privacy and assure you that your personal information is safely stored, securely transmitted, and protected. I/We do not sell, trade, transfer, rent or exchange your personal information.
All fields are mandatory.
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Property Rooms
| Floor | Room | Dimensions | Description |
Appointment Request
We only collect personal information strictly necessary to effectively market / sell the property of sellers,
to assess, locate and qualify properties for buyers and to otherwise provide professional services to
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We value your privacy and assure you that your personal information is safely stored, securely transmitted, and protected. I/We do not sell, trade, transfer, rent or exchange your personal information.
All fields are mandatory.
Appointment Request
We only collect personal information strictly necessary to effectively market / sell the property of sellers,
to assess, locate and qualify properties for buyers and to otherwise provide professional services to
clients and customers.
We value your privacy and assure you that your personal information is safely stored, securely transmitted, and protected. I/We do not sell, trade, transfer, rent or exchange your personal information.
All fields are mandatory.