133 Carlaw Avenue Toronto, Ontario M4M 2R8

5 Bedroom 3 Bathroom 1,500 - 2,000 ft2
Forced Air

$1,288,888

In the heart of vibrant Leslieville, this extra-wide, character-filled century semi offers an outstanding investment opportunity with immediate income and long-term upside. Currently configured as a legal duplex with three self-contained units, current as-of-right zoning permits 4 units plus a Laneway ADU. Even in its current state this property is generating a 4.4% cap rate at $1.298M. Full financial breakdown available on request. Two units are currently rented to excellent tenants at market rates. The largest unita spacious, two-level, three-bedroom suite with a private balconyis vacant and ready for an end-user, or to generate premium rental income. Each unit features updated kitchens and bathrooms, ensuite laundry and ample storage. The basement is high, dry, and open concept, offering additional potential as a 2 bedroom unit.Architectural details such as veiled brick arches, fish-scale gables, bracket eaves, and stained-glass transoms provide heritage charm that stands out in the rental market. Soaring main floor ceilings and oversized rooms create a strong sense of space and light throughout. The deep lot with laneway access includes a large, solid steel garageideal for storage, rental, or development into a 1,380 square foot laneway suite. A Lanescape report is available to guide next steps.Recent updates include full roof replacement, eaves, downspouts, and gutter guards, reflecting pride of ownership and minimizing some future capital expenditures. The main floor also offers rear access to the kitchen and overall there remains potential for a single-family conversion, if desired.Seller will consider VTB (vendor take back financing) at traditional terms. This is a rare opportunity to acquire a well-maintained, income-generating asset with strong fundamentals and substantial growth potential in one of Torontos most sought-after neighbourhoods. Now at a very aggressive price. (id:61594)

Property Details

MLS® Number E12067989
Property Type Single Family
Community Name South Riverdale
Amenities Near By Park, Public Transit, Place Of Worship
Features Level Lot, Lane
Parking Space Total 2
Structure Porch, Deck

Building

Bathroom Total 3
Bedrooms Above Ground 4
Bedrooms Below Ground 1
Bedrooms Total 5
Age 100+ Years
Amenities Fireplace(s)
Appliances Dryer, Hood Fan, Range, Washer, Refrigerator
Basement Features Apartment In Basement, Separate Entrance
Basement Type N/a
Construction Style Attachment Semi-detached
Exterior Finish Brick Facing, Shingles
Flooring Type Tile, Laminate, Hardwood
Foundation Type Brick
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 3
Size Interior 1,500 - 2,000 Ft2
Type House
Utility Water Municipal Water

Parking

Detached Garage
Garage

Land

Acreage No
Fence Type Fenced Yard
Land Amenities Park, Public Transit, Place Of Worship
Sewer Sanitary Sewer
Size Depth 119 Ft
Size Frontage 21 Ft
Size Irregular 21 X 119 Ft
Size Total Text 21 X 119 Ft
Zoning Description 332 Duplex

Rooms

Level Type Dimensions
Second Level Kitchen 3.58 m x 2.92 m
Second Level Bedroom 3.91 m x 3.53 m
Second Level Living Room 3.91 m x 3.51 m
Third Level Bedroom 2 3.78 m x 3.56 m
Third Level Bedroom 3 5.18 m x 3.68 m
Lower Level Living Room 3.68 m x 2.97 m
Lower Level Bedroom 4.55 m x 3.96 m
Lower Level Kitchen 4.29 m x 3.66 m
Main Level Foyer 1.96 m x 1.57 m
Main Level Living Room 4.72 m x 3.48 m
Main Level Bedroom 4.17 m x 3.66 m
Main Level Kitchen 3.63 m x 3.33 m

https://www.realtor.ca/real-estate/28134005/133-carlaw-avenue-toronto-south-riverdale-south-riverdale

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