47 Northcote AVE Active Save Request In-Person Tour Request Virtual Tour
Toronto C01,ON M6J 3K2
Key Details
Property Type Single Family Home
Sub Type Semi-Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
MLS Listing ID C9229906
Style 3-Storey
Bedrooms 6
Annual Tax Amount $8,548
Tax Year 2024
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.
Location
Province ON
County Toronto
Rooms
Family Room Yes
Basement Separate Entrance,Unfinished
Kitchen 4
Interior
Interior Features None
Heating Yes
Cooling Wall Unit(s)
Fireplace No
Exterior
Garage Lane
Garage Spaces 3.0
Pool None
Waterfront No
Roof Type Asphalt Shingle
Building
Unit Features Park,Rec./Commun.Centre,Public Transit,School
Foundation Not Applicable