47 Northcote Ave
Little Portugal, Toronto, M6J 3K2
FOR SALE
$2,575,000
Terminated
$0
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BEDROOMS4
BATHROOMS4
KITCHENS12
ROOMSC9229906
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-07-29 | 2024-10-26 | 89 | $2,575,000 | - | Terminated |
| 2024-05-23 | 2024-07-28 | 66 | $2,575,000 | - | Terminated |
| 2024-05-02 | 2024-05-23 | 21 | $2,775,000 | - | Terminated |
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Property Description
Investors consider buying both 47 Northcote Ave, or 45 Northcote Ave separately, or buy them both & allow titles of both properties to merge into a legal 8-plex, with existing approval for additional unit, and possibly avoid Canada's foreign buyer ban. This Bay & Gable brownstone beauty at #47 Northcote Ave is a 3-story 4-plex with self-contained apartments, including 2 1-bedroom main flr apartments, a large 2-bed 2nd, a large apartment on 3rd with a massive rooftop deck. Anchored in the West Queen West area of Toronto - a most desirable lifestyle and real estate investment hub - having the opportunity to purchase 2 side by side homes like this is nearly unheard of in this area. Renovated Victorian era brownstone with optimum income for owners who intend to live here or investors maximizing rents and future price appreciation. In 2018 #47 was approved for an additional huge basement apartment. just like the one at #45. Ensuite laundries, separately metered and with own temperature controls. Floors were additionally insulated for sound and thermal. 47 Northcote backs onto a laneway offering access multiple neighbouring coach houses. #45 & #47 could house a coach house of their own. Prefer to keep the backyard as parking? Theres room for over 6 cars. #45 & #47 together span 43+ feet of frontage and approximately 123 feet of depth. Current rents lead to top of market CAP rates, with tenants paying own utilities. With already approved expansion plans, financials will surely go up. Beaconsfield Village's Northcote is bookended by dreamy Beaconsfield Avenue with its mid-1800s brownstones and fabulous coach houses, anchored by Queen West's famous Drake Hotel and The Gladstone. Top restaurants, fantastic dessert and coffee shops, and famous bars. Top walk and bike scores.
Extras
Multiple Parking spots at rear, via laneway. All appliances, HVAC equipment included. Full basement with storage and approvals for another apartment.
Nearby Intersections
Property Features
Park, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Semi-Detached, 3-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
20' x 123'
Fronting
East
Taxes
$8,548 (2024)
Basement
Sep Entrance, Unfinished
Exterior
Brick, Other
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
3
Driveway
Lane
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 3.28' x 3.28' | 4 Pc Bath, Bay Window |
| Br | Main | 3.28' x 3.28' | |
| Kitchen | Main | 3.28' x 3.28' | |
| Br | 2nd | 3.28' x 3.28' | |
| Family | 3rd | 3.28' x 3.28' | 4 Pc Bath, Combined W/Kitchen |
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