Rare opportunity to acquire a Legal Tri-Plex in the heart of Downtown, with potential to easily convert to a 4 PLEX. Numerous large-scale developments in the area. Huge upside potential as there is a high-probability for this property to be included in a land-assembly for future area development (various options currently being discussed). Property needs work and offered in an As-Is condition, however can be renovated into 3-4 beautiful rental units commanding $120k-$150k/year revenue. Many original character features include exposed brick throughout, soaring-high 10ft ceilings on the Main & Second Floors and 9Ft ceilings on Third floor, crown-moulding & trim work, original front door, etc. Front pad parking has been in continuous use for over 60 years (contact Listing agent for info on parking). (id:52316)
REAL ESTATE HOMEWARD
$1,950,000
109 GLOUCESTER STREET, Toronto, Ontario
6 Bedrooms
4 Bathrooms
Property
MLS® Number: C12481572
Address: 109 GLOUCESTER STREET
City: Toronto
Exterior: Brick
Utilities
Heating: Radiant Heat, Natural Gas
Parking
Parking Spaces: 1
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Property Sale History
Travel and Neighbourhood
99/100Walk Score®
Walker's Paradise
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Location
