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Property Description
Rare opportunity in Forest Hill South to own a substantial residence offering both exceptional living space and income-generating flexibility. Situated on a quiet residential street just steps to Forest Hill Village, this property provides a unique blend of lifestyle and long-term value.Currently configured as a legal five-unit residence and fully tenanted, the property offers strong in-place income together with exceptional future flexibility. The main residence offers a house-like experience with generous principal rooms, multiple bedrooms, and direct access to a private landscaped backyard. Thoughtfully laid out, it is ideal for those seeking space, privacy, and the character of a classic Forest Hill home.Several units have been recently renovated, contributing to strong in-place income and overall quality throughout the property. In addition to the principal residence, the property includes several self-contained suites, providing the opportunity to generate supplementary income or accommodate a variety of ownership objectives.The property has also undergone extensive capital improvements to mechanical systems, including comprehensive rewiring, copper plumbing upgrades, replacement windows, and numerous custom finish details throughout the main and lower levels.Ideally located near top-ranked schools, parks, transit, and the shops and restaurants of Forest Hill Village. Property is currently fully tenanted and generating rental income. Some images may be virtually staged.
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Property Features
Arts Centre, Park, Place Of Worship, Public Transit, Ravine, School, Accessory Apartment, Auto Garage Door Remote, Built-In Oven, ERV/HRV, Guest Accommodations, In-Law Capability, In-Law Suite, Primary Bedroom - Main Floor, Separate Heating Controls, Separate Hydro Meter, Storage, Water Heater, Water Meter, Private
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Property Details
Address
18 Shorncliffe Avenue
Community
City
Postal Code
M4V 1T1
Property Type
Multiplex, Multiplex
Zoning
RD(f15;d0.35*1404)
Lot Size
45' x 80'
Acreage
3,670.0 Feet
Taxes
$9,100 (2026
Basement
Apartment, Finished with Walk-Out, Separate Entrance, Full, Walk-Out, Finished
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
Attached
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Listing contracted with Royal Lepage Real Estate Services Ltd.
Discover a renovated, detached purpose-built 6-unit income property situated in the heart of one of Toronto's most high-demand rental pockets. This Victorian-style brick building seamlessly blends historic character-featuring original hardwoods, stained glass, and exposed brick-and-beam-with sleek, modern finishes. The versatile unit mix includes two expansive 2-bedroom suites on the second floor, two 1+1 bedroom units on the main floor, and two well-appointed 1-bedroom suites on the third and lower levels. Highlights include a stunning 3rd-floor unit with vaulted ceilings and an expansive private rooftop deck offering panoramic views. With large eat-in kitchens and unique layouts throughout, this is a "see it to believe it" asset designed for maximum rentability and long-term appreciation.
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Welcome to 229 & 229R Manor Rd E - a rare, income-generating gem in the heart of Davisville Village. Experience two homes offering over 5,000 sq ft of beautifully designed living space on one exceptional lot. The main house is a impeccably updated, detached home with three fully legal spacious, executive-level suites - each approximately 1,100 sq ft - including two 2-bedroom units, a large 3-bedroom lower suite, and masterfully landscaped outdoor spaces. All are separately metered, with upgraded systems throughout, including full rewiring, and an underpinned basement with over 8 foot ceiling height. Tucked just behind, discover a show-stopping 1,700 sq ft 2-bedroom detached laneway home with over 900 sq ft of sun-filled, contemporary living space perched above a 3-car garage with heated flooring and an EV rough-in. Lovingly re-developed with permits and maintained by experienced developers this turnkey property was crafted with long-term comfort, durability, and design in mind. It's ideal for savvy investors, multi-generational families, co-ownership buyers, or downsizers looking to convert their home equity into a vibrant lifestyle and strong monthly income. Approx $178K Gross/$150K Net Rent Potential - a 5% Cap rate! All of this, just steps to Mount Pleasant's Michelin Mile, the future Eglinton LRT, June Rowlands Park, top-rated schools, boutique shops, cafes, and more. This is a rare opportunity to own two incredible homes on one extraordinary lot - come see it before it's gone!
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