Toronto W01 M6R 1C6 Ontario
MLS: W12170213
Added 8 days ago | For Sale
Listed by: ELEVATE REALTY INC.
62 Harvard Ave, A Rare Legal Fourplex In The Heart Of Roncesvalles! This Fully Detached 2.5-Storey Brick Beauty Is A True Income Powerhouse In One Of Torontos Most Coveted Neighbourhoods. Steps To Queen West, High Park, And Roncys Iconic Shops And Eateries, This Is Prime Urban Real Estate With Long-Term Upside Built In. Set On A Deep Lot, This Property Offers A Strong Mix Of Units: A Massive 4-Bedroom Main + Basement Unit, Two 1-Bedroom Units On The Second Floor, And One Charming 1-Bedroom Unit w/ Large Balcony On The Third. All Units Are Spacious, Bright, And Fully Tenanted, Generating A Healthy $112,116 Gross Income. A Cap Rate Of 5% w/ Tons Of Upside Potential, In An A+++ Location! Theres Also Room To Grow: Several Units Have Under-Market Rents, Offering Big Value Uplift On Turnover. The Rear Yard Offers Garden Suite Potential (Buyer To Verify), Which Could Push This To A 5-Unit Asset. Perfect For Commercial Financing And A Huge Value Bump. Whether Youre An Investor Looking To Park Capital In A Bulletproof Area Or A Developer Seeking Long-Term Density Plays This Is A Rock-Solid Opportunity In One Of Toronto's Most Desirable Neighbourhoods! Strong Garden Suite Report, Potentially Up to 1047sf Build, Opportunity To Take This to 4+1 Units For CMHC Financing & BIG Value Add!
| Level | Type | Features | Dimensions |
|---|---|---|---|
| Main | Living Room | Laminate, Window, Pot Lights | 12 ft, 4 in x 11 ft, 10 in |
| Kitchen | Pot Lights, Quartz Counter, Window | 15 ft, 2 in x 12 ft, 3 in | |
| Bedroom | Laminate, Window, Closet | 13 ft, 1 in x 7 ft, 4 in | |
| Bedroom | Laminate, Window, Closet | 8 ft, 8 in x 9 ft, 6 in | |
| Bedroom | Laminate, Window, Closet | 9 ft, 10 in x 9 ft, 6 in | |
| Second | Living Room | Laminate, Window | 15 ft, 2 in x 8 ft, 11 in |
| Bedroom | Laminate, Window, W/O To Balcony | 12 ft x 12 ft, 4 in | |
| Living Room | Ceramic Floor, Window | 7 ft, 3 in x 9 ft, 2 in | |
| Kitchen | Ceramic Floor, Window | 8 ft, 10 in x 5 ft, 5 in | |
| Bedroom | Laminate, Closet, Window | 12 ft x 9 ft, 3 in | |
| Third | Living Room | Ceramic Floor, Window | 8 ft x 15 ft |
| Bedroom | Ceramic Floor, W/O To Balcony, Closet | 13 ft, 10 in x 12 ft, 6 in |
No property rooms available.
