56 Wright Avenue
Roncesvalles, Toronto, M6R 1K8
FOR SALE
$2,100,000
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5 + 1
BEDROOMS 5
BATHROOMS 4 + 1
KITCHENS 17 + 3
ROOMS W13484466
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Property Description
A rare investment opportunity in the heart of Toronto's highly coveted Roncesvalles Village. Situated on a large lot, this detached multiplex is currently configured as five self-contained residential units, including a basement apartment, offering strong income potential in one of the city's most desirable west-end neighbourhoods. This beautifully renovated building features bright and inviting units throughout, complemented by professionally landscaped front and rear grounds, including a charming shared rear courtyard space. Additional basement storage space provides added convenience and utility. Ideally located just steps from Sorauren Park, vibrant cafés, acclaimed restaurants, boutique shopping, transit, and the renowned Roncesvalles retail strip. An exceptional opportunity to acquire a well-maintained multi-residential asset in a premier urban location with strong tenant appeal, stable income potential, and long-term upside.
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Property Features
Park, Public Transit, Rec./Commun.Centre, School, Place Of Worship, Hospital, Other
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Property Details
Address
56 Wright Avenue
Community
City
Postal Code
M6R 1K8
Property Type
Multiplex, Multiplex
Lot Size
25' x 132'
Taxes
$9,123 (2026
Basement
Apartment
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Garage Type
None
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Listing contracted with Re/Max Ultimate Realty Inc.
The Ultimate Roncesvalles Investment - Prime Double Vacancy Opportunity! 132 Marion St offers a rare chance for seasoned investors or end-users looking to house-hack and subsidize their lifestyle. This legacy-held 5-plex features a spacious, freshly painted & refreshed 3-bedroom main floor unit (vacant!), plus a 2-bedroom unit turned over August 1st - giving you immediate double vacancy to set your own market rents or move right in! Note: Interior photos of the 3-bedroom and 2-bedroom units were taken prior to the previous tenants moving out. The 3-bedroom has since been freshly painted and touched up; the 2-bedroom has had cabinets replaced and repaired. A true "densification dream" under Toronto's 6-plex reforms, featuring a rare 4-car coach house and private driveway. Heavy lifting is complete with meticulous exterior & capital upgrades: Brand-New Roof ($66k, 2026), Fresh Paint ($13k, 2026), and Full Garage Renovation ($20k+, 2025). Interior provides a brilliant blank canvas to renovate to taste and unlock a projected ~$145k gross income - current listing price represents a 5% cap rate on conservative assumptions. See Schedule for full capex/reno history (~$166k invested) & financials!
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Amazing Investment Opportunity! Corner Lot With Residential And/Or Commercial Structure. Rare, Highly Desirable, Self-Managed, Well-Maintained Multi-Residential Investment Opportunity Comprising Of A 3-Story Building, Minutes To St. Clair Ave. This Incredible Investment Property Offers, 2/One Bdrm Apartments With 2 Beautiful Large Exterior Decks (2nd& 3rd Floor) With 3 Large Bachelor Suite On Main Fl, And 3 Bdrms On Lower Level. Potential Rental Income Of $$$+ Year. With Huge Side Yard Patio. Multiplex Was Made For Turnkey Investors With Low Maintenance, Owner Occupiers Alike. Min To Golf, Parks, Public Transit & Shops.
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